Our Current SEP

Our current SEP was developed with the full engagement of business and the public and private sectors and published in July 2014. It sets out our ambitions for sustainable economic growth with stretching outcome targets - 60,000 jobs, 26,000 additional homes and 970,000 sqm of employment space - by 2021.

 

In 2014, through our SEP, we made a compelling business case to Government and were awarded a £202 million Growth Deal to boost skills, drive innovation, provide targeted business support and improve infrastructure through the delivery of over 40 projects across the area.

 

In January 2015 an expansion of £36 million of Local Growth Funding was announced taking the total of projects to over 50. The deal, which was signed in March 2015 by Minister Matthew Hancock, will see the creation of up to 21,000 new jobs, 9,000 new homes and will generate over £390 million of public and private investment over its lifetime (2015-2021).

The successful projects focus on place and growth sectors, these sectors being key to driving economic growth, improving productivity and stimulating innovation. The LEP currently focusses on five key sectors of genuine strength and economic opportunity to ensure that the area is recognised as a dynamic and thriving community of businesses these are :- Creative Digital & IT, Finance and Business Services, Advanced Manufacturing and Engineering, Environmental Technologies and Healthcare and Life Sciences.

 

We have received news on our latest Growth Deal request to Government (Growth Deal 3) which prioritises business and enterprise; regeneration; skills; transport and infrastructure. Further details are available in our press releases.

 

For more information please refer to the 'Related Resources and Related Projects' section on the right-hand side menu.