5 YEARS OF INVESTMENT IN YORKSHIRE01 August 2019
Yorkshire Day 2019 is the ideal occasion for York, North Yorkshire & East Riding (YNYER) enterprise partnership to celebrate their achievements and focused investments within the region over the past five years.
Set up by central government, the enterprise partnership is a business led partnership with the public sector, using local knowledge to secure investment in projects that will make a real difference to the Yorkshire economy.
The partnership plays a lead role in the future of local growth, working collaboratively with businesses to develop a deeper understanding of the opportunities in the region, and how they can propel good growth – good for the environment, good for business and crucially, good for people.
There are many distinctive characteristics of the diverse geography of the area. York sits at the heart of the region, a city characterised by ambition, regional pride and historic assets that are fundamental to it being such an attractive location for business. The Natural Capital of the region underpins the rural and coastal economies, for example food and farming and a booming tourism industry.
Understanding challenges, identifying opportunities and being impactful at a local level, the YNYER enterprise partnership engages partners, businesses and communities across the patch, to maximise growth.
The YNYER enterprise partnership funding totalled just over £230 million in 2014 and they have committed just over £217m to projects in this timeframe to date, with delivery of the remaining fund investments to be on track for the rest of the year.
The investments are grouped into three areas of growth; Business, Infrastructure and Skills and this equates, in real terms, to over 17,000 Growth Hub interventions in small to medium enterprises (SMEs), over 21,000 housing completions and over 10,000 individuals supported with skills advice.
There have been over 45 programmes and projects that the enterprise partnership has invested in. These include link roads and sustainable transport to ease connectivity and improve traffic flow in towns for businesses and their workforce. Skills capital and digital & biotech enhancement investments across the region, from coast to dales and the centre of York. Flood alleviation which not only protects homes but opens up potential for business growth.
Specific examples of these investments and their impact include;
securing a resilient economy with the North Yorkshire road improvements programme
boosting Business Growth through York College ‘Internet of Things’ project
supporting high value employment in the Melmerby employment site
transforming the opportunity coast with investments in Whitby, Scarborough & Bridlington
building more homes including Middle Deepdale Housing in Scarborough
improving the East-West connectivity by contributing to the J47 upgrade at the A1/A59 interchange
empowering the advancement of skills with investment in the Craven College Animal Management Centre
being an influential contributor in the York central developments costs (the LEPs Enterprise Zone for the area)
Investment in people through the ‘Action Towards Inclusion’ programme that is delivered across the region and supports people to move closer to employment.
‘These projects are the reason why we get out of bed every day, investments and programmes that change the lives of real people, transform real places and grow real businesses, with benefits for all.’ James Farrar, York, North Yorkshire & East Riding Enterprise Partnership Chief Operating Officer.
Traditional, new and innovative partnerships and an acceptance of collaboration throughout the region has ensured all the programmes and projects supported by the enterprise partnership have directly or indirectly benefitted the economy, with the desire to future proof the success and longevity of all its communities within its distinctive landscape.
David Kerfoot, The Chairman of the York, North Yorkshire & East Riding Enterprise Partnership, guarantees the region; ‘a distinctive, ambitious and compelling Local Industry Strategy and an enterprise partnership that will continue to work in collaboration with and invest in, the wonderful York, North Yorkshire and East Riding, where distinctive places will remain the key to our continued success.’