The region's to get hundreds of millions of pounds to help provide new roads, more homes and encourage small businesses start up.
It's part of a Government scheme aimed at stimulating growth away from London. It's hoped it will create thousands of new jobs.
Click below to watch Malcolm Robertson 's report:
The Government is boosting the local economy with a £200m cash boost while Labour want to return powers and funding to local councilsRead the full story ›
If you are after a job you might be interested to know that Cambridge was the best place to find one last month.
According to the search engine Adzuna there were seven jobs for every jobseeker in the city during May - up from just two a year ago.
Competition for work nationwide fell to a six year low last month. The average advertised salary in the East also grew to just over £29,900 last month.
A study has found the Cambridge Folk Festival brings in more than £1.5 million a year to the local economy.
The research was carried out by students at the University of Cambridge Judge Business School.
The average spend of a festival-goer in shops and businesses in Cambridge was around £94. This year's festival, with headliner Van Morrison, is sold out.
House prices in East Anglia are continuing to rise despite the market appearing to stall in the rest of the country.
According to the latest figures from Right Move, the value of homes here rose by 2.8 per cent over the past month.
Nowhere else in England and Wales saw a rise of more than 0.9% while many areas saw a slight price drop.
Since the beginning of the year, the East of England has seen a 6.6% increase compared with last year.
Employers in the East of England and East Midlands say they're feeling optimistic about job creation in the coming months.
According to a survey by Manpower, more businesses are planning to create jobs compared to those planing to decrease their workforce.
In particular, employers are looking at increasing the number of full-time positions. More than 2,000 UK employers across the UK were questioned.
The coalition Government has set out its plans for this Parliament in the Queen's Speech.
Among the legislation announced was a plan to make us all pay 5p every time we use a plastic bag for groceries in a supermarket.
It's a move aimed at protecting our environment - but are we prepared to pay?
Click below to watch a report from ITV News Anglia's Matthew Hudson
£46 million has been handed out to a number of businesses in the region to help create jobs and promote growth.Read the full story ›
There's been a rise in the humber of homes being sold here in the East with experts reporting the housing market is almost as strong as it was 7 years ago.
The latest figures from the Royal Institute of Chartered Surveyors show that each surveyor's dealing with 23 sales a month here in The East of England - the highest number since February 2008.
The report says that all the signs are the housing market is showing signs of recovery across the country.
The average house price in Cambridge has now topped that of London with the cost of property in the city rising by 14% in the past year.Read the full story ›