AN ambitious and strategic focus for the South East Midlands has been launched in the form of SEMLEP’s Strategic Economic Plan.
The plan sets the economic direction for the South East Midlands to 2050, focusing particularly on the next 10 years.
It details priority areas where SEMLEP and partners will target investments and actions to create and support the right conditions for successful growth, to enable to economy to double in size by 2050. The plan provides detailed economic evidence that explains the long-term strategic priorities.
The revised plan was developed in close consultation with a wide range of partners, from businesses and local authorities to Government and education providers.
As part of the Strategic Economic Plan, SEMLEP will publish the Growing People Skills Strategy and the key findings from SEMLEP’s 2017 Business Survey.
Dr Ann Limb, Chair of SEMLEP said: “We have a strong and thriving economy in the South East Midlands, with a positive future. We are already recognised as the most innovative LEP area in the country, with considerable sector strengths, aligned to Government’s Industrial Strategy.
“The economic evidence and analysis that underpins our strategic priorities, shows that the South East Midlands will continue to be integral to the success of the UK’s economy. However, we cannot and must not be complacent. Our area faces skills challenges and, to realise our potential we need to investment in developing the right infrastructure to meet the future needs of our businesses and growing population.
“Our revised Strategic Economic Plan sets out our clear vision for the type of growth we want to see and what we need to do to achieve prosperity for our businesses and communities right across the region. Success in delivering against the economic ambitions will depend on close collaboration across all our partners in private and public sectors.”
SEMLEP will now work with partners to develop an implementation plan for the SEP in order to set performance indicators and targets to achieve the doubling of the South East Midlands’ GVA by 2050.
The Strategic Economic Plan can be downloaded from http://www.semlep.com/our-strategy/
