Our SEP was formally launched in the House of Commons on May 8, 2019 and sets out some ambitious targets. The document outlines the region’s potential for growth over the next 20 years and details short term goals such as creating new jobs in the low carbon sector and reducing fuel poverty to below 10%.
The SEP highlights the importance of the region’s core economic sectors, including advanced manufacturing and food production; whilst also exploring emerging sectors with the potential for growth, e.g. agricultural technology and cyber security. The SEP aims to ensure that the Marches region continues to optimise its distinctive strengths, harness new opportunities and is well prepared for the challenges ahead.
Looking ahead, against the backdrop of the Government’s Industrial Strategy, LEPs have been tasked with developing Local Industrial Strategies (LIS) to drive economic growth and create more prosperous communities.
The draft Marches Local Industrial Strategy has been developed to complement our SEP and focuses on delivering clean growth and improved productivity, in an inclusive and sustainable way. We have developed it by working alongside local stakeholders and businesses to gather a new evidence base and to better understand the challenges and opportunities faced across our key industries today. Our draft LIS has been submitted to government for review and we will continue to work with businesses, education and public-sector partners to support our case for sustained investment into the Marches.