The North East Strategic Economic Plan: Creating 100,000 more and better jobs for the North East economy
Our Strategic Economic Plan
The North East Strategic Economic Plan is our plan to grow and develop the region’s economy. It is an evidence-based response to our long-term economic challenges and opportunities that were identified by the North East Independent Economic Review in 2013.
The Strategic Economic Plan was initially published in 2014, for a ten-year period and demonstrated how we would drive forward a modern, diverse and entrepreneurial economy that was agile in the face of change and that will deliver economic benefit to residents and businesses across every part of the region. The Plan has been refreshed and updated as our economy and the environment in which we operate has changed and our economic base has developed.
Our Plan is a shared plan – we’ve worked with partners from across the region- there is a shared commitment that the more and better jobs created should deliver a more productive, competitive, resilient and inclusive economy for all.
To measure progress of the Plan, we have set six targets. You can look at the targets here.
A strategy based on evidence
We are committed to up to date economic analysis, evaluation and evidence development giving us confidence that the strategy we have set and the programmes of delivery we have put in place are addressing the North East’s needs and opportunities.
Our Economy is our annual update on the current performance of the North East economy and how it is changing over time. You can read Our Economy here.
The North East Data Hub is an online platform designed to bring together all of the key data about the North East and to provide tools to help residents, businesses, education establishments and policy makers to make use of the data available in a simple way. You can visit the North East Data Hub here.
Delivering the Strategic Economic Plan
The delivery of our strategy is structured around three key pillars:
Five programmes of delivery
That set out initiatives and projects that will deliver the ambitions of this Plan
Skills, Employment, Inclusion and Progression
Transport and Connectivity
Investment and Infrastructure
Read more about our five programmes of delivery here.
Four key sectors of strategic importance
Where evidence tells us our assets and capabilities provide a strong opportunity for growth
Health and Life Sciences