North East Local Enterprise Partnership publishes its Annual Review 2019-2020

Tribute paid to its ‘exceptional’ team and the resilience of the North East’s business community.

The Chief Executive of the North East Local Enterprise Partnership (LEP), Helen Golightly, has paid tribute to the LEP’s ‘exceptional’ team and spoken about how the region’s inbuilt resilience and strong community will see it through the coronavirus crisis, in its Annual Review, published today.

Referencing the annual government review of all Local Enterprise Partnerships, which resulted in the North East LEP being marked exceptional for its delivery, Golightly said: “This demonstrates our strong leadership and solid implementation to ensure that our strategic projects are delivered to make the maximum impact to boost economic development and create more and better jobs.”

The Annual Review 2019-2020 sets out the progress that has been made against the six targets in the Strategic Economic Plan, in relation to the number, quality and type of employment opportunities available, the proportion of the workforce that is in employment and economically active, and productivity.

The two headline targets are to increase the number of jobs between 2014-2024 by 100,000 and for 70% of these jobs to be ‘better jobs’.

While COVID-19 has since made these targets more difficult to achieve, by December 2019 total employment had increased by 57,000. Employment in ‘better jobs’ had increased by 70,400.

Other key achievements in the last twelve months have included the North East Growth Hub becoming a critical resource for North East businesses, offering support on the EU Exit and how to best mitigate the impact of coronavirus. The launch of a second Good Career Guidance Benchmarks pilot has also taken place in the North East LEP region, this time focusing on primary schools.

The government announced in March 2020 that the North East will be at the centre of investment in innovation, while a highlight within the North East LEP’s transport programme has been the region collectively securing £198m from the Transforming Cities Fund to invest in key sustainable transport projects.

Speaking about the challenges currently being faced by businesses, North East LEP Chief Executive Helen Golightly said: “These may be truly uncertain and turbulent times but rest assured, we continue to support businesses and communities.

“This region is not frightened of a challenge and I am confident that our inbuilt resilience and strong community identity will carry us through to the recovery when we will do everything we possibly can to ensure our regional economy is back to pre-COVID-19 levels – and stronger again.”

Click here to read the North East LEP’s Annual Review 2019-2020.

North East LEP publishes second, annual Our Economy report

The North East Local Enterprise Partnership (LEP) publishes its second annual Our Economy report today (Friday 10 May) at an event at Crowne Plaza Newcastle.

Providing an update on the current performance of the North East economy and how it is changing over time, Our Economy 2019 also looks at what makes the North East a competitive place for businesses and residents.

Victoria Sutherland, Senior Economist at the North East Local Enterprise Partnership, said: “Our Economy 2019 uses a range of indicators to give us a clearer picture of how our region is performing.

“We’ve been able to look at important factors like how many businesses there are in the North East and whether they are growing, innovating and exporting. We’ve also looked at how many jobs there are in the North East, how many of our residents are in work and the levels of investment into the region.

“By understanding what the statistics tell us about our economy, we can focus our efforts on the most important issues and identify the activities that will help achieve the ambition set out in the Strategic Economic Plan to create 100,000 more and better jobs.”

Each year, the Our Economy report takes a more detailed look at a particular topic. This year it focuses on what makes the North East a competitive place. Being competitive is about providing the right environment for the region’s existing and potential businesses to invest and grow and somewhere individuals can realise their ambitions, building and nurturing confidence.

The evidence in Our Economy shows that innovation, business structure and technological readiness, and efforts to build the skills and capabilities of residents are all key factors underpinning the North East’s competitiveness. It also highlights the assets in the region that contribute to a high quality of life.

The event in Newcastle features keynote speakers including Richie Ramsden, Head of Data Science – Innovation Incubator at AkzoNobel, who considers the North East to be the best place in the UK to undertake data science. Professor Jane Robinson, Dean of Engagement and Place at Newcastle University will speak on how the North East’s universities contribute to the region’s success.

Andrew Hodgson, Chair of the North East LEP said: “Given the political and economic uncertainty we’ve experienced in the last few months, it’s more important than ever we continue to review the performance of the North East economy.

“The data in Our Economy 2019 shows we can have confidence in our approach, but it also identifies the areas, as a region, we need to address, for example, low levels of innovation. This kind of detailed analysis is vital as we continue to develop the North East Local Industrial Strategy in partnership with government.

“Our Economy continues to be an important resource for the region and I’d like to thank everyone that contributed to this year’s report.”

To read the North East LEP’s Our Economy report in full, click here. It provides detail on progress against the North East Strategic Economic Plan (SEP) targets, including the region’s ambition to create 100,000 more and better jobs by 2024. To read the Strategic Economic Plan, click here.