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Plans have been unveiled to create an aviation business park at Norwich International Airport.
The airport has teamed up with a Cambridge-based property company Wrenbridge to build the new 850,000sq ft park.
And the development already has its first tenant - Air Livery.
The company which paints aircraft, plans to open a new state-of-the art painting facility which could lead to the creation of 120 jobs.
The park will be built on 100 acres of land to the north east of the main runway. The land is currently jointly owned by Norwich City and Norfolk County Council.
Andrew Bell, CEO of Norwich International Airport said: "This announcement marks another positive step forward for the Airport and further demonstrates the key role it plays as a driver of direct and indirect employment and economic growth in the region"
Cambridge technology firm ARM Holdings has announced a rise in revenue and pre-tax profits.
The chip designer, whose technology powers everything from mobile phones to tablet computers reported a 22% rise in pre-tax profits to £128.5m in the first half of the year. Revenue also soared 12% to £422.4m
ARM shares rose 6% in the FTSE 100 Index as it also revealed it had signed a further 23 licences in the period for its microchip technology to be used in a range of products including digital TVs, mobile computers and smartphones.
Budget airline easyJet has enjoyed a better-than-expected summer thanks to cheaper fuel costs and a summer advertising campaign.
The Luton-based airline announced pre-tax profits would be £280m and £300m in the year to September 30, up from previous guidance of £272m and last year's £248m.
easyJet attributes the rise in revenue to its commercial featuring music from Liverpool band The Wombats.
Latest ITV News reports
The ITV Business Club was launched at the start of the year and is made up of business leaders across the country from firms big and small.
With the release of the GDP (Gross Domestic Product) figures today (July 25), ITV Anglia speaks to some of its Business Club members.