Our Economy

A report on the region's economic performance

Our Economy report

Our Economy is our annual update on the current performance of the North East economy and how it is changing over time. 

Using a range of indicators, it gives a clearer picture on factors including how many businesses there are in the North East; whether they are growing, innovating and exporting, how many jobs there are in the North East, how many of our residents are in work, and the levels of investment into the region to see how the North East compares to other areas.

It also shows how the North East LEP area is performing against the targets set out in the North East Strategic Economic Plan.

Every year, the Our Economy report provides a comprehensive look at a particular topic. In 2019, it focuses on what makes the North East a competitive place. Being competitive is all about building and nurturing confidence and providing the right environment for our existing and potential businesses to invest and grow and somewhere individuals can realise their ambitions.

Read Our Economy

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.

 

Andrew Hodgson, Chair, North East Local Enterprise Partnership

The North East Data Hub

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.

FAQS

Where can I find out more about the targets in the Strategic Economic Plan and how we are performing against them?

You can find information on all of our targets here. The North East LEP is constantly reviewing progress against the targets as new data emerges and publishing regular updates on the news section of this website.

How was the SEP developed?

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.