Our Economy is our annual update on how the North East economy is performing and giving an update on progress against the SEP targets. You can read the full report here and an Executive Summary of the full report is available here.
We also take a deep dive into a key theme that is particularly relevant to the economy. For this first annual update, we focus on the North East’s role in the global economy, an important topic as we prepare for the UK’s exit from the European Union and with trade a strong focus in the Government’s Industrial Strategy.
The publication of Our Economy also marks the launch of the North East Data Hub in partnership with the North East Combined Authority (NECA).
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.
It has been developed by the North East Local Enterprise Partnership and the North East Combined Authority, with support from transport authorities – NEXUS, TADU and UTMC.
We launched the Our Economy report on March 6th, 2018. The event focused on the role of the North East in the global economy and involved a panel of speakers from business, universities and government.
View our event review page to learn about the launch.
Reflecting the broad range of factors that affect the North East economy, the Our Economy report is a lengthy document. We appreciate that not everyone is interested in the full document – so you can select the sections you are most interested in below.
There are six programmes of delivery in the SEP. We have gathered the evidence base for each of our delivery programmes and given an overview of the data available, looking at key topics in more depth. In addition, we have indicated the next steps which are needed for further progress to be made.
The SEP sets out four areas of opportunity and three enabling sectors that support the North East economy. In this section, you can view details of the key assets of each including mapping of key employment sites and assets.
This section sets out the connections between the North East and the rest of the world. It is important that partners across the North East work to strengthen international linkages and support businesses to maximise the opportunity that international markets bring to our region. In this section you can find details on:
You can find this information here.
The first version of the Strategic Economic Plan was published in April 2014. It followed on from the North East Independent Economic Review and set out a high level vision for the economy and included investment programmes for Local Growth Fund and European funds which were available at that time.
The SEP was refreshed during 2016 and launched in March 2017 following an extensive consultation involving businesses and economic partners. The refresh process enabled the region to reflect on new economic data following the end of the recession and the changing economic policy environment including the decision to leave the European Union.