The Humber’s Blueprint for an Industrial Strategy confirms that the LEP will adopt the Government’s five foundations of productivity in the Humber’s approach.
Global businesses like RB, Smith & Nephew, Croda and Ideal Boilers have chosen our region for over £200m of new or expanded R&D facilities in recent years.
They join innovative SMEs, like those based at C4DI in Hull, and specialist researchers at the University of Hull in making impressive scientific and technological advances that create new business opportunities.
The Humber has many of the ingredients for a successful Innovation Cluster – leading businesses, expert researchers and creative, entrepreneurial people.
We want to develop this to support more businesses of all sizes to step up their R&D activity, commercialise new ideas and adapt to the future – creating new opportunities and more highly skilled jobs across our region.
Employers, education providers and stakeholders are working closely together to improve the skills profile of our region, ensuring residents can access the opportunities close to them and businesses can recruit the workforces they need.
Investment in new UTCs and the improvement and expansion of existing providers is helping ensure that we have more of the quality learning and training facilities we need, while better careers advice is supporting more learners to make the right choices for the future.
The Humber is leading the way nationally on pilot projects for young and older workers, people with disabilities and prison-leavers – helping more people get into and stay in employment.
With employment now at a record level and skills shortages in some sectors, in this next phase we will need to go further still.
The Humber has seen some important improvements to transport and flood defence infrastructure in recent years, and more are planned for the near future. However, to sustain the growth we are experiencing we will need to be even more ambitious.
This means continuing to address road bottlenecks, but also looking further ahead to the major schemes that may be required to sustain growth in the long term, and developing a more integrated sustainable transport system – including exploring the case for new rail stations and bus interchanges, and expanding cycling infrastructure.
With Transport for the North, we will also continue to seek better connectivity to other city regions, including a half-hourly train service between Hull and Leeds, and a direct link to London from the south bank.
The Humber is already a great place to do business, with a welcoming business community, a range of support and low operating costs. Our ambition is to make it a more productive place that can compete internationally in more sectors.
Compared to the leading areas we don’t start enough businesses, not enough of the ones we start survive past the first few years, and too few of them scale up. Despite having the country’s largest ports complex, we also export less than we could.
We have made progress on addressing regulatory barriers to development, but some small businesses also face difficulties with accessing finance and tapping in to large organisations’ procurements.
Addressing these issues will be key to business growth and productivity.
Attractive, vibrant city and town centres are important for making our region a place where people want to live and work, and businesses want to invest. So too is a quality and varied housing offer, with a mix of coast, country and urban living.
Major initiatives like Hull UK City of Culture, the Bridlington regeneration programme, Lincolnshire Lakes and the Grimsby Town Deal are helping places around the Humber change for the future.
Some parts of our region are seeing increasing interest from private sector developers, but in many places public intervention is still required to build up momentum and enable projects to go ahead.
We will continue to back city and town centre regeneration programmes, and housing development and renewal, across our region.