Coast to Capital - Local Enterprise Partnership
... will drive economic growth
Our vision is straightforward and exciting. It places international growth and entrepreneurship at its very heart. We aim to transform business and economic performance so that our area can compete in any international marketplace.
By 2035 we will have developed an economy that is trade-led with a business community that is outward looking, investment-led and driven by the need to be innovative. It will have a skilled workforce delivering high value added and knowledge-driven products and services.
The economy will be less dependent on locally trading businesses and on public sector employment and spending than it is now. Instead, high rates of new businesses being formed and equipped to compete internationally will be the centrepiece of a competitive economy designed for the long term.
Our objective is to lead this fundamental transformation in private sector-led business growth. We expect 90% of the investment required to deliver our goals to come from the private sector. Growth will be driven by a clear focus on the twin priorities of international growth and entrepreneurship.
Businesses that trade internationally deliver 60% of UK productivity growth. We will work to increase the number of these businesses and their local supply chain links. They will act as the engine house for improved business growth and performance across all parts of our economy and ensure the sustainable growth of our local economy. In short, entrepreneurship coupled with high rates of new businesses spurred on by dynamic trade-led growth will, in the long term, provide the right competitive environment and source of future business success.