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Commerce and Industry

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Future direction of the Humber LEP is set out as the huge scale of investment in our region is unveiled at AGM

The Humber Local Enterprise Partnership (LEP) set out its agenda for the Humber’s future development – focusing on a green recovery for the region – as it confirmed it would be re-forming as a LEP solely for Hull and East Yorkshire at its Annual  General Meeting this morning. 

Stephen Parnaby OBE, Chair of the Humber LEP, set out a vision for the Humber  focusing on the continued decarbonisation of the region, opportunities in clean  growth and freeports, as well as the continued investment in our region – bringing in  new jobs and businesses, also highlighting the spirit of collaboration that would see a  continued strong partnership between those working on both the North and South  Bank of the Humber as we work towards a shared agenda for the economic future of  the region. 

The LEP also highlighted plans for a joint economic blueprint for our region set to  begin shortly – The Humber Estuary Plan – which will build on the proposals set out  in the Humber LEP’s Local Industrial Strategy. It will be owned by the region’s two  LEPs and four local authorities through the Humber Leadership Board. 

The event was held online, a first for the Humber LEP, and also featured a speech  from guest speaker Matthew Fell, Director of UK Policy at the CBI, as well as case  studies from their EU-funded projects and a panel of Board Members who answered  questions from the virtual audience.  

The AGM didn’t just focus on the future – but also looked back on the achievements  of the organisation – both over the financial year 2019-2020, as well as the  cumulative results of the LEP’s investment. 

Highlights include:  

– The LEP has so far secured over £335m of UK Government funding to enable  our partners to deliver projects that support our strategy.  

– Projects worth £204m of this have already been completed, leveraging  £390m of other funding to make a total investment to date of £724m in the  Humber. This has resulted in a total of 7,161 new jobs delivered. 

– The LEP work with Government to set the strategy for £104m of European  Structural & Investment Funds allocated to our area. When added to match  funding, this will see a total investment of approximately £173m – with 5,872 + new jobs to follow.

The AGM also featured the LEP’s response to the coronavirus since March 2020,  highlighting work done by the LEP and the Humber Business Growth Hub in  supporting the Humber’s businesses through this difficult time. 

Speaking at the event, Stephen Parnaby said:  

“What is clear to me is that our economic future lies in collaboration across the  Humber Estuary, working together to make the most of big opportunities coming our  way. Over the last few years, north bank and south bank have been working more  closely together, of which the LEP has played a major role, which is a good thing for  everyone and particularly the future.” 

He continued: “The big opportunities we were all talking about before the pandemic – in offshore wind, industrial decarbonisation and developing a Freeport – haven’t  gone away. In fact, work has continued on them throughout, and – as we’ve seen  from recent announcements – the Humber is proving to be an attractive proposition  for inward investment on that.  

“Indeed, I can tell you that there is more on the horizon and the signs are  good. When it comes to the kind of clean growth that will help the UK “build back  better” from Covid, nowhere has got greater potential than the Humber and that is  well understood by industry and government. 

“The sense of community we have here, and people’s willingness to help each other  out, has never been more important.” 

The LEP is continuing in its current form as the Humber LEP until 31st March  2021. After that, it will be reformed to only cover the North Bank, but will continue to  work with organisations on the South Bank towards the shared prosperity of the  region going forward. The recruitment process for the Chair and Board of the Hull &  East Yorkshire LEP will begin shortly. 

The LEP’s Annual Review, which sets out the organisation’s delivery, achievements and updates from 1st April 2019 – 31st March 2020 is available to view online at  www.humberlep.org/annualreview/. The LEP’s AGM recording is available to view at  www.humberlep.org/agm2020/

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