£3 Billion Growth Programme Creating 20,000 Jobs Unveiled for North Yorkshire
2:24pm 7th April 2014
Creating jobs through the growth of small businesses has formed at the heart of a series of investment proposals within the York, North Yorkshire and East Riding’s plans for growth which is strongly supported by Council leaders and every MP in the LEP area
The Strategic Economic Plan and the Local Growth Deal Implementation plan that the LEP submitted to Government on Monday, have laid out its ambitions and investment priorities for the next five years including
- The creation of 20,000 jobs
- The delivery of £3 billion growth
- The connection of every student to business
- And the doubling of house building across the region
As part of this it has been essential to identify and communicate the area’s leading assets including the robust line of small and micro businesses that make up the region’s economic backbone and the growth of agritech and biorenewables assets including new investments at Drax Power Station, the expansion of the National AgriFood Innovation Campus and the University of York’s proposed BioHub.
At the forefront of a five year campaign of targeted investment designed to grow the region’s existing businesses is a growth hub model that will bring together partners from across the region to deliver bespoke support solutions. Supporting over 13,000 businesses, it builds upon existing relationships with local delivery partners that the LEP has already forged.
Barry Dodd CBE, Chairman of the Local Enterprise Partnership said, “Jobs are created by growing businesses. We will deliver growth by supporting our many small and micro businesses to realise their potential. We shall also invest in our leading-edge assets in the food manufacturing, agritech and biorenewables sectors.”
David Kerfoot MBE, Vice Chairman of the Enterprise Partnership added “We have a rich diversity of small and micro businesses but few medium and large ones so we must focus on growing our existing businesses if we want to grow our economy.”
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