DEVON County Council is responding to the economic downturn with a £5 million capital investment in the local economy. The proposal, which goes before the council's executive committee tomorrow (Tuesday), is aimed at encouraging economic growth by suppor

DEVON County Council is responding to the economic downturn with a £5 million capital investment in the local economy. The proposal, which goes before the council's executive committee tomorrow (Tuesday), is aimed at encouraging economic growth by supporting key projects.The funds will be allocated over three years with £1.7 million proposed for Devon Employment Space Strategy; £1.4 million for Skypark industrial estate in East Devon; £700,000 towards ICT Strategy; £450,000 for Renewable Energy for Devon; and £750,000 for community infrastructure in coastal towns.Council leader Brian Greenslade said the current economic climate demanded a positive response. "The county council is determined to fulfil its leadership role within the community and with this investment we are doing our bit to boost the local economy at what is a difficult time for everyone," he said."This is in addition to the very considerable investment the county council is already making through its large capital programme for schools, roads etc, and again we are highlighting the need for investment in our campaign to make Devon the greenest county.