£46 million has been handed out to a number of businesses in the region to help create jobs and promote growth.
Solway Foods has confirmed that it is to close its food processing plant in Corby, Northamptonshire with the loss of 930 jobs.
Unemployment in the East of England increased by 6,000 in the three months to January, official figures have revealed.
The future of a closure threatened food processing plant in Corby should become clearer this week.
Consultation on the plan to shut Solway foods with the loss of 900 jobs concludes today.
Solway Foods is the town's second largest employer, but says the factory, which opened in 1988, is no longer viable.
Efforts have been going on for weeks to save jobs at a food processing factory in Corby but, with hundreds of redundancies now certain, attention has turned to helping those who will soon be out of a job.
Workers at Solway Foods were today involved in a crisis meeting with the taskforce set up to try to help those affected by changes at the plant which could see it close.
Despite insisting a final decision has yet to be made, the company is already inviting voluntary redundancies. Up to 500 jobs could go as early as next month.
Olivia Paterson reports.
Bosses at Solway Foods in Corby have revealed that up to 500 jobs could go next month at its food production site in the town.
The salad and sandwich producer announced last month that the site may close, putting more than 900 jobs at risk.
The firm is currently in a 45 day consultation period and says the possible job losses are part of a contingency plan, but that not firm decisions have been made yet.
Last month a task force was set up by the Corby MP Andy Sawford and Corby Borough Council, to try to help save jobs.
In a statement the company said. "There has been positive dialogue with our colleagues, the Union and our customers. We particularly welcome the assistance of the task force group to facilitate the change process.
Our position remains unchanged from our initial announcement. The Corby site is unviable and it requires substantial additional funding, there is a risk the site could close."
A new trust may be set up to run the Cambridge Corn Exchange.
The City Council is considering handing over both the running of the building and the city's folk festival to a not for profit organisation.
It's hoped the move will secure the future of the venue
The Government's earmarked more than £3.5 million for a series of projects along the East Anglian coast.
Essex gets most of it. The Coastal Communities Fund is designed to create jobs and apprenticeships in areas hit by recent flooding.
But the Government's having to counter claims that proposed cuts to education funding could put some of those apprenticeships at risk.
Click below to watch a report from ITV News Anglia's Malcolm Robertson
A multi-million pound package that will create hundreds of jobs and apprenticeships across coastal towns in the region has been announced.
Norfolk, Suffolk and Essex have been awarded a share of the funding.
The money will help rebuild communities damaged by the recent flooding.
Farmers from across the region are heading to Birmingham today for annual conference of the National Farmers' Union.
They'll be calling on the government to reduce the amount of agricultural red tape and highlighting the role that farming can play in driving the economic recovery.