This is a very specific approach to economic development through targeting research, development and innovation support in key areas of strength. It involves developing a vision, identifying competitive advantage and setting strategic priorities – then supporting them financially and practically.
To understand where our competitive advantage is focused we undertook a study on smart specialisation, which you can read here.
Our ‘smart specialisation’ areas are sectors that we have identified as key growth areas for the North East LEP area, and include: passenger vehicle manufacture; subsea and offshore technology; life sciences and healthcare; and creative, digital, software and technology-based services.
- Passenger vehicle manufacture
- Subsea and offshore technology
- Life sciences and healthcare
- Creative, digital, software and technology-based services.
You can download a brochure on each of the four smart specialisation areas by clicking on the following links: