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Economic Development Strategy Launched

Published: 5th March 2013 11:14
A strategy has been launched to promote sustainable economic development over the next four years in the East Riding. The East Riding of Yorkshire Economic Development Strategy was launched by the East Riding of Yorkshire Local Strategic Partnership’s Economy and Skills Action Group at Brough Business Centre.

Economic Development Strategy Launched

A strategy has been launched to promote sustainable economic development over the next four years in the East Riding.

The East Riding of Yorkshire Economic Development Strategy was launched by the East Riding of Yorkshire Local Strategic Partnership's Economy and Skills Action Group at Brough Business Centre.

The strategy sets out a long-term vision, strategic framework and an overview of the activities the Local Strategic Partnership will seek to promote between 2012 and 2016.

The impact of the global financial crisis during 2007-2008 had wide ranging implications for the East Riding's economy. Many businesses have seen trading conditions become more difficult, with demand falling and access to funding becoming more constrained. Delivery of economic development activity has also changed with a greater focus on local priority setting through Local Enterprise Partnerships, a removal of regional structures and competitive funding replacing programmed public sector funds.

This strategy is sensitive to the current difficult market conditions and advocates activity to build the economic resilience of the East Riding and its businesses and workforce.

Councillor Jane Evison, cabinet portfolio holder for economic development, tourism and rural issues at East Riding of Yorkshire Council, said: "In spite of the uncertain economic climate, there are real reasons for optimism that growth can be achieved.

"The East Riding is an enterprising area with a highly-skilled workforce and, by working with the Humber Local Enterprise Partnership, the York, North Yorkshire and East Riding Local Enterprise Partnership and other key stakeholders, has a real opportunity to develop and promote renewable energy to provide a new long-term growth sector for this area.

"Opportunities also exist to further strengthen the East Riding's visitor economy through development of the tourism, heritage and cultural tourism in our towns and rural areas. Long term plans to tackle deprivation, through work such as the Bridlington Area Action Plan, can also begin to be realised.

"The strategy, which is available to download from the council's website, seeks to plan a clear course for realising these opportunities up to 2016 alongside meeting further challenges and harnessing additional opportunities through partnership and collaborative working."

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