North East LEP reveals updated job creation and support plans in light of Brexit

The North East Local Enterprise Partnership (LEP) has published its updated Strategic Economic Plan, outlining how it will have helped create 100,000 jobs for the region by 2024.

The organisation said its new plan reflects recent changes to the global and national economy and takes into account the UK’s upcoming departure from the European Union.

Revealed today (February 14), the document also examines how the North East can maximise opportunities presented by the UK’s Industrial Strategy.

It identifies four areas of strategic importance for improving the North East’s economic competitiveness – digital; advanced manufacturing; health and life sciences; and energy.

The North East LEP and its partners deliver five programmes of activity to support growth in those sectors.

This activity includes helping the region’s businesses to scale and improve their competitiveness on a global level; embracing Industry 4.0 and integrating tech and innovation into everything the LEP does; improving skills and careers education; forging better, more sustainable transport links; and investing in the major capital infrastructure projects.

North East LEP chair Andrew Hodgson said: “2014 saw the publication of the North East LEP’s original Strategic Economic Plan.

“Fast forward to 2019 and our ambition remains the same, but what has changed is the political and economic landscape we find ourselves in. We’re on the brink of leaving the European Union and a new Mayoral North of Tyne Combined Authority has been formed.”

He added: “It’s for those reasons and more we’ve chosen to launch a refreshed Strategic Economic Plan, one that reflects the significant changes we’re experiencing as a country, and a region.”

The updated plan can be read in full on the LEP’s website.

Speaking further, Andrew said that while the economic and political climate “may pose challenges” for the North East, it also provides “a number of opportunities”.

He continued: “The refreshed Strategic Economic Plan we’re launching today outlines how, as a region, we can maximise those opportunities to strengthen and grow our economy.”

Since the original Strategic Economic Plan launched in 2014, 64,600 new jobs have been created, 77% of which have been managerial, professional and technical roles.

 

Source: BDAILY

Leave a
comment

Read more posts

Secerna: Amplifying IP Expertise For…

01.03.2024

We are delighted to welcome the newest addition to the Dynamo community – Secerna, a Chartered & European patent attorney firm providing service on the protection, enforcement and defence of…

Read more

Charting the Future of North…

28.02.2024

The Dynamo Advisory Board convene to discuss how to help drive the growth and success of the North East of England tech sector. One of the most important topics discussed…

Read more

NRG ANNOUNCES LEADERSHIP PROMOTION AND…

27.02.2024

NRG proudly announces a strategic advancement in leadership and expansion to further cement our standing as a leader in the recruitment industry. In collaboration with our Recruitment Process Outsourcing (RPO)…

Read more

New post: Northumbria students launch green awareness campaign for Metro operator dynamonortheast.co.uk/northum…

Join our
mailing list