Explains what the economic development strategy is, where to get up to date information about the economy, what is the local economic assessment (LEA), how often is the LEA updated, how to get further information and what are the regeneration strategy schedules.
The economic development strategy is a document that identifies the main areas and priorities for economic development within the East Riding.
The 2012-16 economic development strategy aims to promote economic growth and develop economic resilience through the promotion of three key themes:
Specialised economy – promoting the development of key growth sectors which can boost productivity and employment in the East Riding whilst supporting locally important sectors and businesses.
Quality locations – pinpointing and developing the most distinctive economic assets in the area whilst building the resilience of the East Riding.
Connected hinterland – advocating increased working between the East Riding and its surrounding cities and towns, developing collaborative activity which can realise economic opportunities and deliver focused skills, transport and broadband infrastructure development.
You can view a copy of the full economic development strategy as well as the condensed executive synopsis below:
East Riding economic development strategy 2012-16 executive synopsis (pdf 1mb opens in new window)
East Riding economic development strategy 2012-16 (pdf 2mb opens in new window)
The East Riding of Yorkshire Council regularly undertake a Local Economic Assessment (LEA) which draws together a wide range of economic information into one coherent document. Please see below for link to the LEA.
As well as the LEA the East Riding and partners also undertake research from time to time in order to understand distinct elements of the East Riding’s economy.
The reports from recent research are attached below:
This study has been commissioned by East Riding of Yorkshire Council and Hull City Council to examine the accessibility of strategic employment sites in the M62-A63 corridor. These sites are important in supporting the new sustainable energy allocations in the North Sea.
M62/A63 Corridor Transport Feasibility Study (pdf 2mb opens in new window)
This study outlines what business support provision will be needed by businesses in the East Riding of Yorkshire and Hull City regions to take advantage of the emerging growth opportunities in the Humber region beyond 2011 and what current gaps are evident in this business support provision.
Business Support Study (pdf 864kb opens in new window)
This document provides a statistical overview of the Hull and Humber City Region.
Progress in the Humber Update (pdf 494kb opens in new window)
The City Relationships project was undertaken for The Northern Way and the Department for Communities and Local Government. Based on a review of academic literature and a series of case studies of northern city regions, the study developed a concept designed to improve understanding of relationships between places. This report concludes the findings for the Hull & Humber ports area.
City Relationships Study (pdf 1mb opens in new window)
The local economic assessment is a document which pulls together all the most up to date information and data on the economy of the East Riding of Yorkshire and its functional economic areas.
The purpose of an economic assessment is to provide a robust evidence base that will underpin strategic planning, investment decisions and delivery plans.
The economic assessment consists of the following sections:
Please see below to download a copy of the latest local economic assessment.
Local Economic Assessment (pdf 6.8mb opens in new window)
The LEA is a “live” document and the content will be refreshed on an ongoing basis and ‘published’ on an annual basis. The document has not been professionally printed at this stage to save costs and to enable updates to be made easily. Comments are welcome on the document and will be logged on the report of consultation which is also available below.
If you have any questions about the East Riding LEA, please contact us on (01482) 391619.
The Regeneration Strategy Schedules provide details of, and a rationale for regeneration activity in the East Riding.
Please see below to see a copy of the Regeneration Strategy Schedules.
Regeneration Strategy Schedules (pdf 1.9mb opens in new window)
The Regional Growth Fund (RGF) is a £1.4bn fund operating across England from 2011 to 2014. It supports projects and programmes that lever private sector investment creating economic growth and sustainable employment. It aims particularly to help those areas and communities currently dependent on the public sector to make the transition to sustainable private sector-led growth and prosperity.
A joint bid between East Riding of Yorkshire Council and Hull City Council was approved in round two of this fund to support the Enterprise Zone proposal in developing skills and supply chains for the renewable energy sector.
The 2011 budget announced that government would establish 21 new Enterprise Zones in Local Enterprise Partnership (LEP) areas within England. Enterprise Zones are allocated areas designed to stimulate economic growth through simplified planning requirements, favourable tax allowances and discounted business rates. It is intended that these zones have the potential to develop innovative solutions to address the specific local economic challenges.
On the 17 August 2011 it was confirmed that the Humber Local Enterprise Partnership's bid for an enterprise zone was approved by the government.
The focus of this successful bid was upon the renewable energy sector and efforts to develop a nationally significant energy cluster on the Humber.
The Humber LEP’s bid covers 375 hectares on three sites:
Green Port Hull (Alexandra Dock), Hull
Queen Elizabeth Dock, Hull
Able Marine Energy Park (southern part), North Lincolnshire
A reserve site has been approved at Saltend, East Yorkshire
The Humber’s Enterprise Zone is the largest to be announced by the government to date, and more than double the size of the next biggest.
In response to announcement in October 2011 by BAE Systems regarding their site in Brough, 12 miles west of Hull city centre, The Chancellor of the Exchequer has invited the Humber Local Enterprise Partnership (LEP) to develop proposals for a second Enterprise Zone in the region.