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HEY LEP Opens Consultation on Ambitious Five-Year Strategy for the Hull and East Yorkshire Economy

The newly formed Hull and East Yorkshire Local Enterprise Partnership (HEY LEP)  has today unveiled its first ever strategy for the region – the Economic Growth and  Workforce Wellbeing Strategy – outlining a clear mission and vision for the economic  future of the region up to the end of 2026.

The strategy sets out four key priorities the LEP believes will provide the drivers for growth and will ensure it is successful in its key mission of being a catalyst for  economic growth in Hull and East Yorkshire, building a better quality of life for  everyone who lives and works in the region through successful business-led  initiatives and partnership working. 

The four key priorities explored in the document are: 

‘Ensuring a Productive and Innovative Economy’ – growing the  economy for all, which aims to stimulate business growth, increase  productivity and employment by developing the conditions in the HEY LEP  region for business to start ups, innovation, investment and trade.  

‘Clean Growth Economy’ – to maximise opportunities to drive economic  growth in all the region’s green industries, whilst meeting targets to be a  net zero carbon industrial cluster by 2040. 

‘Skilled and Inclusive Economy’ – to deliver a highly skilled, healthy and  productive workforce, reducing inequality and increasing life chances for  all in our communities.  

‘Competitive and Resilient Locations’ across our Hull and East  Yorkshire region by enhancing the region’s infrastructure and natural  assets to maximise their contribution to the HEY LEP economy and  generate competitive locations to invest, live and visit.  

This evidence-based strategy aligns with the economic strategies set out by both  Hull City Council and East Riding of Yorkshire Council and proposes a joint  approach with organisations across the HEY region and beyond by bringing the  objectives of the strategy to life by working in partnerships with the LEP acting as  convener and facilitator and providing access to services, resources, and support. 

The strategy comes at an important time for the HEY region with the private sector  the vital element in driving an economic recovery following the economic impact of  the recent Covid-19 pandemic lockdowns. It is, therefore, imperative that the region’s  business and other important organisations in the region’s community have their say  on these plans.

James Newman, Chair of HEY LEP, said: “Whilst this Strategy may appear  ambitious, we are clear that the goals we have set out are achievable. They have  been built on a solid evidence base and are designed to ensure they benefit all  communities in our region. 

“As a new LEP, we have achieved a lot in our first six months and with the support of  the experienced and knowledgeable Board and sub-Boards, the LEP can lead the  implementation and delivery of this strategy, which will have a powerful impact on  the economic direction of the region. 

“We are fully committed to ensuring that this strategy accurately reflects the  knowledge, ambition and values of businesses and economic stakeholders in the  Hull and East Yorkshire region, which is why it is imperative for local businesses and  other organisations to engage with us and provide us feedback on the plans we have set out.”

If you would like to read the strategy and provide feedback on the questions set out  within the document, please visit https://heylep.com/about-the-hey-lep/hey-lep economic-growth-and-workforce-wellbeing-strategy/ 

Alternatively, all feedback or questions about the Economic Growth and Workforce Wellbeing Strategy can be emailed to consultation@heylep.com

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