The recent budget cuts announced by the Government have put forward proposals to scrap the East of England Development Agency.
The Agency, based in Cambridge, employs almost 250 people within the area and in the past has worked closely with organisations such as the Business Link to secure essential investment, funding and training for small businesses within the region.
Supporters of the budget cuts have outlined the large cost of running the Agency, over £25 million per year, as the main motivation behind the scrapping.
The new Government proposes to replace regional development agencies such as the EEDA with new Local Economic Partnerships, which will be run by the local authorities.
