D2N2 is inviting stakeholders to conduct a review of its recently published evidence base ahead of the creation of the Local Industrial Strategy (LIS) for our region.
Stakeholder consultation is integral to the development of the LIS and D2N2 would appreciate the perspective of its partners on this vital piece of work.
In particular, D2N2 would like to elicit opinions on:
- The accuracy of the evidence base in reflecting the current economic landscape of D2N2
- The completeness of the information contained within the evidence base
- The degree of insight the evidence base gives into the five pillars of the UK National Industrial Strategy and the four grand challenges facing the UK.
Feedback in the form of supplementary analysis should be with D2N2 by 18th October 2019, in order to feed into the development of the LIS.
For further information and to feedback contact D2N2 Strategy Analyst Vladimir Epuri.
UK Industrial Strategy
In November 2017 the UK government published the Industrial Strategy White Paper, its aim is to boost productivity by backing businesses to create good jobs and increase the earning power of people throughout the UK with investment in skills, industries and infrastructure.
The White Paper sets out the five foundations which are central to driving productivity:
- Ideas – The world’s most innovative economy;
- People – Good jobs and greater earning power for all;
- Infrastructure- A major upgrade to the UK’s infrastructure;
- Places – Prosperous communities across the UK
Alongside these foundations, the Government identifies four grand challenges which the UK must address and harness to put the country at the forefront of the industries of the future:
- Artificial intelligence & the data economy
- Future of mobility
- Clean growth
- Ageing society
A key objective of the Industrial Strategy is to deepen the world-leading expertise which the UK possesses and develop interventions, models and collaboration between public and private sector parties which can extend these competitive advantages into other areas and markets.
Government has set out that LEPs will lead the development of Local Industrial Strategies for their areas, which will form the basis of an agreed evidence-backed strategy to inform future local and national investment and funding.
D2N2 Local Industrial Strategy
The aim of the D2N2 Local Industrial Strategy is to set out how we achieve greater productivity and inclusive growth and define the distinctive long-term economic opportunities for the D2N2 region.
D2N2 has put together a comprehensive evidence base in preparation for the formation of the new Local Industrial Strategy in partnership with Government which will become the shared strategy between Government and the LEP for investment and the development of the D2N2 economy.
We are part of the third and final wave of Local Industrial Strategies due to be agreed and in place by March 2020.
The first stage of developing the strategy is to have in place a robust evidence base to underpin the strategy.
LIS Evidence Base
In preparation of the Local Industrial Strategy, we have developed a vast and expansive evidence base. This extensive analysis of the D2N2 area’s economic strengths and challenges is mapped across the five foundations of productivity as set out in the national Industrial Strategy as well as the four ‘Grand Challenges’ in the UK’s Industrial Strategy.
Creation of the evidence base has only been possible through the sharing of data between partners in order to create a detailed overview of the economic landscape of Derbyshire and Nottinghamshire.
It is our intention to produce a draft strategy by the end of December 2019 with a view to agreeing on a strategy with Government by March 2020.
Alongside the consultation on the evidence base, we will be working with partners to develop the priorities for the draft strategy over the coming months.
Media wanting more information about the D2N2 LEP can contact Luke Stott, D2N2 Digital Marketing Officer, on 0115 9578749 or email: Luke.Stott@d2n2lep.org