Lord Haskins, Chair of the Humber Local Enterprise Partnership (LEP) launches the LEP’s 2014-15 Annual Review at its business forum at the KC Stadium, Hull today.
Now in its fourth year of operation, the Humber LEP has reached an important milestone in delivering a step change for the region’s economy with tangible achievements over the year, and demonstrating that the Humber is ready to take its place as part of the Northern Powerhouse.
The Annual Review highlights how the Humber itself is the region’s greatest asset for generating growth, and is recognised nationwide as the UK’s Energy Estuary.
Achievements for the year include:
- Identified infrastructure projects which are vital to delivering jobs, housing and private investment and then successfully negotiated a £113m Growth Deal. This investment is expected to lever in a further £147M from private and public sector sources.
- Piloted the Government’s “Single Conversation” and subsequently signed a Memorandum of Understanding between the LEP, local planning authorities and statutory regulators to smooth the process for major developments
- Invested more than £25m from the Regional Growth Fund through our Growing the Humber programme in nearly 200 businesses across the region which is creating 2,200 new jobs and enabling £107m investment by businesses
- Led one of the UK’s most successful Skills Support for the Workforce programmes which has supported 1,038 businesses and 4,969 people to date
- Bid successfully for a new National College for Wind Energy to be located in the Humber
- City Deal investment now up and running, resulting in 2223 additional students and 565 additional apprenticeships being recruited to science, mathematics, engineering and mathematic (STEM) related subjects
- Formed a new digital sector group to promote the development of the Humber’s digital economy – ranked 8th nationally for growth
- Gained an additional ten acres to the Humber Enterprise Zone, which is already the largest nationwide
- Secured £34m to reduce the flood risk to over 58,000 properties at Albert Dock, Hull; Orchard Park and Cottingham; Anlaby and East Ella (including Hessle Frontage); the River Hull Valley and around Paull.
Lord Haskins said: “These are exciting times for the Humber, with the promise of devolved powers and further investment. The momentum which we, as a partnership between business, local authorities and education, have built is creating an economy which is more competitive, more productive and better skilled, and I believe that we must continue to develop our close bonds to achieve common goals and enable the Humber to reach its potential.”
Kishor Tailor, Chief Executive of the Humber LEP said: “We have had some great partnership work across the Humber this year which has enabled us to influence Government policy and deliver investment. More and more businesses are actively engaged with the LEP, playing their part in helping to shape the region’s future, and we are seeing the tangible benefits of that.”