£46 million has been handed out to a number of businesses in the region to help create jobs and promote growth.
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.
The rise in house prices in the East of England has fallen behind national averages according the biggest property survey in the UK.
Power has been restored to most customers in the east after Friday night's strong gales.
More than 7,000 customers in the region were left with no power.
Now there are only a handful of properties without electricity.
UK Power Networks say Essex has the most without power at 76, while Suffolk, Norfolk and Cambridgeshire only have around 10 each.
A family from Letchworth has had a lucky escape after strong winds last night caused a tree to be blown down on their house.
The Calvert family are relieved nobody was hurt. Click above to watch a report by ITV News Anglia's Elodie Harper.
There's been disruption on the roads and trains today as strong winds last night caused major damage to parts of the region.
Trees have fallen on homes and cars. Click above to watch a report by ITV News Anglia's Kate Prout.
The East has been left counting the cost of the storm damage. These pictures were taken by ITV News Anglia correspondent Russell Hookey from St Neots in Cambridgeshire..
A family in Letchworth had a lucky escape when this tree fell on their house around midnight.
The Calvert family were woken up to discover the tree had narrowly missed their 16 year old son Thomas's bedroom. His bed is by the top floor window on the left.
Storm damage has forced the closure of the Imperial War Museum at Duxford in Cambridgeshire ahead of the busy school half-term.
A spokesperson said: "Due to structural damage caused by high winds, IWM Duxford is closed until further notice. The next update will be provided on Tuesday 18 February.
"We understand that this news will be disappointing to visitors hoping to enjoy our February half term activities. We apologise for any inconvenience caused."
The Met Office has issued a Yellow Warning for Ice across the East of England.
Including, Central Bedfordshire, Hertfordshire, Luton, Bedford, Essex, Cambridgeshire, Peterborough, Norfolk and Suffolk.
The warning is from 20:00 Saturday to 10:00 Sunday 16th February.
Thousands of people are still without power today across the east as engineers battle to get homes and businesses re-connected.
UK Power Networks say there are around 7,600 customers across the East of England without electricity.
- Suffolk 2,086
- Norfolk 2,112
- Essex 1,749
- Cambridgeshire 801
- Bedfordshire 345
- Hertfordshire 494
- Buckinghamshire 87
The stormy winds last night created many problems for motorists and homeowners, including ITV News Anglia Tim Vernon.
A tree uprooted, narrowly missing his house in Northampton but smashing through his conservatory.
A motorist is counting the cost of the heavy winds after an outbuilding collapsed on top of a car in Cambridgeshire.
Emergency services were called to East Park Street in Chatteris around two o'clock this morning (Saturday 15th Feb.)
When they arrived they searched the building and car but thankfully no-one was injured.