The Leicester and Leicestershire Enterprise Partnership is offering the region’s businesses a chance to have their say on shaping its economic future by participating in a series of round table discussions about a new Local Industrial Strategy.
Last year HM Government launched its Industrial Strategy that aims to create an economy that boosts productivity and earning power throughout the UK.It is a long-term plan that provides a policy framework against which major private and public sector investment decisions can be made.
There is a commitment to developing local strategies for places across England and it is the LLEP’s role to lead on the development of a Local Industrial Strategy for Leicester and Leicestershire.
Mike Durban, Head of Strategy at the LLEP explains “Local Industrial Strategies are plans that will strengthen local economic growth, improve productivity and reduce inequities between different parts of the UK. They will identify priorities to improve skills, increase innovation and enhance infrastructure and business growth. They will also guide the use of local funding streams as well as funding which is devolved down to local areas from national schemes.
“Our Local Industrial Strategy will be long-term, based on clear evidence and aligned to the national Industrial Strategy. It will identify local strengths and challenges, future opportunities and the action needed to boost productivity, earning power and competitiveness.”
The Government intends to agree the first Local Industrial Strategies by March 2019 and will prioritise areas with the potential to drive wider regional growth, focusing on clusters of expertise and centres of economic activity. Therefore, the LLEP is seeking to engage with businesses to create a Local Industrial Strategy prospectus that can be used to lobby Government for future investment.
By sharing their views to identify the key challenges, opportunities and priorities for Leicester and Leicestershire, businesses can assist the LLEP to develop a new Local Industrial Strategy prospectus that includes valuable insight from those working in key sectors.
Nick Pulley, LLEP Chair said “I would really encourage local businesses to sign up to these important round table discussions. We need the specialist knowledge and insight of local industry to help inform our future plans and for businesses to tell us what is needed to boost their growth and productivity.”
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