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July 24 2014.

Newhaven MP Norman Baker is asking HSBC to revisit its decision to close the last bank in Newhaven, following recent announcements of investment into the town and continues to encourage the banking firm to maintain a cashpoint in the Newhaven.

Significant investments into the local economy have been announced throughout July, to include planning permission for Newhaven University Technical College, providing educational opportunities for 600 students, approval for Rampion Offshore Windfarm positioning Newhaven as the South East Centre of offshore renewable technology and £19 million investment into regeneration for the town to include new port road access.

Norman says: “HSBC cannot ignore the substantial investment that is being made in Newhaven, bringing local jobs, development and boosting the local economy. This is a real regeneration boost for the town.

“This is not the right time to be considering closing the Newhaven branch of HSBC, just as the town is getting a boost of funding and will see more people coming into the town. People will want to access banking services locally and not to be forced to travel between towns to get a counter service.”