North Yorkshire Council says its draft economic growth strategy is set to see the authority establishing a leading role in proposals to create a carbon negative economy, maximise investment and improve the quality of life for the county’s 615,000 residents and 32,000 businesses.
The five-year strategy includes plans to support business growth by building on existing sectors and increasing innovation and productivity. It is also looking to equip town centres so they can thrive through the 21st century by investing in transport, housing, digital and energy infrastructure. And the strategy is also aimed at ensuring that residents have the skills needed to meet these aspirations.
North Yorkshire Council’s executive member for open to business, Cllr Derek Bastiman, said: “Our economic growth strategy is a key milestone for the council, marking an exciting new phase for our economy. We are set to take the lead on tackling some of the big economic challenges of our time and seek to maximise investment from the private sector, government and funding agencies.
Cllr Bastiman added: “North Yorkshire is a unique and special place. Its scale and industries make it integral to the North of England’s economic future, and its landscapes, culture and history make it a fantastic place to live, work and do business.”
The county is already a leader in the UK’s transition to net zero and has ambitions to go further in becoming a carbon negative economy, meaning more carbon dioxide emissions would be removed from the atmosphere than are emitted. Renewable energy generation, agritech and food and drink sectors are all nationally significant and offer huge potential for both growth and decarbonisation.
North Yorkshire’s key economic strengths include:
- A thriving, entrepreneurial business base with high business density.
- A strong and diverse economy where growth and productivity have outpaced UK levels at various times in recent years.
- A highly skilled workforce and strong labour market, with employment rates and qualification levels exceeding UK averages.
- One of the best places to live in the UK with two National Parks and three Areas of Outstanding Natural Beauty and places like Skipton and Harrogate often voted among the best places to live in the country.
- A highly connected location at the heart of the North, with major sites primed for development and strong connections to east coast ports as well as major cities such as York, Leeds and Bradford.
- Access to world class research and innovation assets linked to economic strengths in food, energy and bio-renewables with close links to universities and research and development centres in neighbouring areas, including top-flight universities in Leeds and York.
- Outstanding places spanning urban, rural, and coastal locations, where a breadth of cultural and heritage assets combine with thriving market towns covered by the third largest local authority in England.
Members of the council’s executive will meet on Tuesday next week (October 17) when they will be asked to recommend to full council that the draft strategy is adopted.