The Cultural, social and economic townscape of Kings Lynn - Research Paper Example

Business activities developed around the waterways which stretched to the land from Lynn. The town developed and occupied the space between Purfleet River to the north and Millfleet River to the south. A period of expansion started in the late 12th century in Britain with broader streets and a larger market place. This Medieval town is the second between the Gaywood River and Purfleet. Bishop’s Lynn became rich on trade within Britain and abroad. The Hanseatic League was a German business organization comprising of merchants from Northern Germany and surrounding countries around Baltic Sea.

After Henry VIII dissolving the monasteries, Lynn changed the name and became Lynn Regis and then later on was called King’s Lynn which has remained a very active port in the modern era. The town has been doing well with a strong industrial tradition and revolution. It has been an international trade centre back from the 12th century. However, several changes have been noted in the town’s economy. The Gross Value Added per capita has been forecasted to be below county values from 2001 to 2007 and the gap is increasing significantly.

The productivity of labour has consistently been below county value from the year 2001 to 2007. In the years 2002 and 2003 a drop in labour productivity in the town was noted. (Great Britain, 2007) 2) The agricultural sector has been greatly boosted in Eastern England especially in Norfolk. The Agri-Tech Initiative has so far invested around 1.4 million pounds in local activities. Several businesses and projects have been funded in an attempt to improve the economy of King’s Lynn town and Norfolk at large.

The Foster-Clarke Company based in Norfolk deals in agriculture, both arable and livestock. The funding will help in investigating new techniques of monitoring the health of crops by combining imaging techniques and light spectrums. The research aims at helping farmers to boost