Bid for North East Economic Partnership

AN ALLIANCE of organisations has set out its plans for a North East Economic Partnership as a new strategic economic body for the North East.

The Northern Business Forum (NBF), including the CBI, Federation of Small Businesses, EEF and North East Chamber of Commerce (NECC) plus sector bodies such as NEPIC and Service Network, has been working with the Association of North East Councils (ANEC) on the future of economic development in the North East.

NBF and ANEC have set out their case for a North East Economic Partnership in a submission to Government today (Monday) that accompanies and complements five bids from across the North East for Local Enterprise Partnerships.  Together these bids are geared to delivering sustainable economic growth in the UK through a genuine partnership of businesses and local authorities.

The North East Economic Partnership will focus on:

  • promotion of productivity, enterprise and business growth through developing innovation and exploiting research and development capabilities;
  • the development of sectors that are strategic to the UK and are clustered in the North East, such as low carbon vehicles, offshore wind, chemicals and process industries;
  • account managing and supporting enquiries for new investment from both existing businesses and inward investors;
  • bidding for and programme managing the European Regional Development Funds and the Rural Development Programme for England funds;
  • the development and delivery of new approaches to financing and supporting business growth; and
  • providing strategic input on other key related areas linked to economic growth such as integrated transport and energy investment.

John Cuthbert, Chair of the Northern Business Forum, said:

”This bid sets a clear commitment to build a strong partnership to grow the North East economy and maintain the momentum in addressing a challenging economic environment.  It’s an exciting opportunity and a compelling proposition that will benefit not just the North East but the economy of the UK.”

Councillor Paul Watson, Chair of the Association of North East Councils said:

“To address the economic realities of the post-recession world and to achieve real change, clear strategic thinking and visionary leadership will be vitally important to this area and to the country as a whole.  The opportunities presented by LEPs and this new Partnership will, we believe, give us the best chance of success in our ambition to deliver for our people, businesses and communities and we are pleased to be submitting this proposal today.”

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