Our current Strategic Economic Plan (SEP), developed with the full engagement of business and the public and private sectors and published in July 2014, sets out our ambitions for sustainable economic growth with stretching outcome targets - 60,000 jobs, 26,000 additional homes and 970,00 sqm of employment space - by 2021.
In 2014, through our SEP, we made a compelling business case to Government and were awarded a £202m Growth Deal to boost skills, drive innovation, provide targeted business support and improve infrastructure through the delivery of over 40 projects across the area.
In January 2015 an expansion of £36m of Local Growth Funding was announced taking the total of projects to over 50. The deal, which was signed in March 2015 by minister Matthew Hancock, will see the creation of up to 21,000 new jobs, 9000 new homes and will generate over £390 of public and private investment over its lifetime (2015-2021).
The successful projects focus on place and growth sectors, these sectors being key to driving economic growth, improving productivity and stimulating innovation. The LEP currently focusses on 5 key sectors of genuine strength and economic opportunity to ensure that the area is recognised as a dynamic and thriving community of businesses these are :- Creative Digital & IT, Finance and Business Services, Advanced Manufacturing and Engineering, Environmental Technologies and Healthcare and Life Sciences.
We have received news on our latest Growth Deal request to Government (Growth Deal 3) which prioritises business and enterprise; regeneration; skills; transport and infrastructure. Further details are available in our press releases.
A refresh of our SEP is planned to run concurrently with the development of the Government's industrial strategy, and will take account of current economic drivers, BREXIT, proposed improvements to Brighton Main Line and the decision on south east airport capacity. We will paint a picture of the local story, highlighting the strengths of the Coast to Capital economy and the barriers to growth that need to be addressed through strategic challenge and investment from a national and local level.
The refresh will be a fully consultative process with information on how to get involved available soon.
For more information please refer to the 'Related Resources and Related Projects' section on the right-hand side menu.