HEY LEP Economic Growth and Workforce Wellbeing Strategy
The HEY LEP Economic Growth and Workforce Wellbeing Strategy is a regional strategy for Hull and East Yorkshire, which seeks to put in place a blueprint to drive economic growth and facilitate greater devolution of power and resources to the region. The strategy builds on the region’s economic strengths and prioritises the key elements to achieve its mission of the ensuring the residents of the region directly benefit from a more prosperous Hull and East Yorkshire.
The HEY LEP economy is going through a period of unprecedented change at an international, national, and local level. The impact of COVID-19 on businesses and the population in conjunction with the UK’s exit from the EU, created a number of challenges to the economic and social future of the region.
There is, however, a real opportunity to build back better from these challenges and to develop an ambitious economic future for the HEY region, which contributes directly to the Government’s levelling up agenda.
The strategy clearly and distinctly sets out the collective vision for the area, alongside four key priority areas for activity.
The strategy promotes the following vision for the HEY LEP region:
‘Leading the UK with a dynamic net-zero economy, Hull and East Yorkshire is a region with prosperous, productive, and innovative businesses, across all communities. Our diverse and resilient economy includes a skilled workforce across all key sectors with opportunities for all. We are home to high-quality services and facilities that meet the needs of our unique urban, coastal and rural geography, while supporting the health and wellbeing of everyone.’
In the period to the end of 2026, the LEP will work to deliver this strategy by focusing its partnership activity on four key priorities:
- Priority 1 – Productive & Innovative Economy – To stimulate business growth, increase productivity and employment by developing the conditions in the HEY LEP area for business to start ups, innovation, investment and trade.
- Priority 2 – Clean Growth Economy – To maximise opportunities to drive economic growth in green industries, whilst meeting decarbonisation targets. To be significantly lower carbon industrial cluster by 2030 and net carbon zero by 2040.
- Priority 3 – Skilled and Inclusive Economy – To lead the transformation of the HEY LEP regional skills profile, to deliver a highly skilled, healthy and productive workforce, reducing inequality and increasing life chances for our communities.
- Priority 4 – Competitive and Resilient Locations – To enhance the region’s infrastructure and natural assets so as to maximise the contribution to the HEY economy and generate competitive locations in which to invest, live and visit.
The strategy can be accessed here
The Hull and East Yorkshire Local Enterprise Partnership (HEY LEP) launched its regional Economic Growth and Workforce Wellbeing Strategy on the 17th of February 2022. A video of the event can be access here.