The Industrial Strategy: Commitment to Growth Hubs and Productivity
WE welcome the publication of the government’s Industrial Strategy White Paper which we anticipated with the refresh of our Economic Strategy #YNYERFutures launched recently and which also aims to increase productivity and wage levels.
In particular we also welcome the government’s continued firm commitment to Growth Hubs such as our own How’s Business. In January 2018, we will be meeting with senior advisors from the Department of Business, Energy and Industrial Strategy to discuss opportunities to support the productivity challenge.
Specifically, through our economic strategy consultation we are aiming to build an updated, shared understanding of our area’s strengths and opportunities, which will be used to strengthen our case to government for investment opportunities to unlock business growth in our economy.
Our Chairman Barry Dodd said: “We welcome government publishing its Industrial Strategy White Paper. As we get closer towards Brexit, it is imperative that all areas of UK have a local strategy to realise their potential and deliver growth.
“We also welcome the support for LEPs and commitment from the Prime Minister for a biennial meeting. We are committed to ensuring our local strategy delivers on the potential and unique opportunities within York, North Yorkshire & East Riding and supports the government’s inclusive growth ambitions.”
The Industrial Strategy White Paper recognises the importance of place in shaping the local economy, and gives Local Enterprise Partnerships a key role in establishing and advocating strategic local economic priorities.
In addition to articulating local priorities, we also expect to play an important role in ensuring national initiatives are locally relevant, including:
• Grand Challenges on Artificial Intelligence, particularly in agriculture, Clean Growth and the Ageing Society.
• Sector deals for the construction industry, and artificial intelligence, which we anticipate being the first of a variety of relevant deals.
For our area to benefit from opportunities such as these, we would like as many people as possible to contribute to the discussion about its refresh.
To help inspire the debate, we are publishing a series of think pieces. The first of these is on Productivity by the University of York’s Professor Timmis.