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A focus on integrating enterprise with education and supporting small businesses are two of the key recommendations put forward by Cambridgeshire and Peterborough in response to the government’s Industrial Strategy green paper proposals.
The paper set out the government’s initial plans to more evenly distribute economic growth across the UK. Businesses had the chance to comment on the proposals between 23 January and 17 April 2017.
Co-ordinated by economic development company, Opportunity Peterborough, the county-wide response has called for:
Some of the challenges raised in the response are already being addressed across Peterborough and Cambridgeshire, as examples:
Tom Hennessy, head of economic strategy and partnerships at Opportunity Peterborough said, “Whatever the outcome of the general election, we hope that any changes to economic policy will be informed through consultation with businesses and local authorities across the country to ensure the best outcomes.
“The response for Cambridgeshire and Peterborough for the current Industrial Strategy has highlighted the importance of providing greater support to help the country’s small businesses grow whilst developing the right skills in the existing and future workforce to support this expansion.
“Cambridgeshire and Peterborough remain amongst the most enterprising, and fastest growing, places in the UK. This is down to the hard work of the region’s companies and staff, but boosted with the support of successful projects that help companies work together to overcome challenges within their sector or local economy. Such projects can be replicated across the country to emulate Cambridgeshire and Peterborough’s sustained economic strength.”
To read the full report please click here.