70,000 jobs, 6,000 businesses and an extra £3.1bn GVA
Sheffield City Region Combined Authority and Local Enterprise Partnership (LEP) are the bodies responsible for delivering economic growth and jobs across the region. We work across a range of thematic areas, all with one single objective in mind; a bigger, stronger private sector. These objectives and our thematic priorities are captured in our Strategic Economic Plan.
Facilitating that growth will require up to £28bn of public and private investment in major infrastructure schemes. The Sheffield City Region’s Integrated Infrastructure Plan is our plan for making sure that we secure this investment and manage our infrastructure needs over the coming decades.
Our aim is to be a city region that provides inclusive growth and progression opportunities for all, enabling individuals and employers to reach their potential, drive productivity and contribute to our economic success.
We want to deliver a step change in our labour market that builds on the progress of recent years to deliver jobs and skills in every part of the City Region. This includes helping those furthest away from the labour market, increasing levels of technical training and ensuring that we have the type of businesses demanding the higher level skills that will drive improvements in overall prosperity and opportunity.
Whilst private sector jobs growth is now powering the economy forward we still have an enterprise deficit – with fewer businesses starting, innovating, exporting or growing to their full potential.
To overcome this challenge we want to grow our business base by an additional 6,000 new businesses during the course of our 10 year Strategic Economic Plan.
We have, therefore, set up the Growth Hub to act as a single point of access for entrepreneurs and businesses seeking support to start and scale.
We’re working with partners on shaping our industry led research specialisms to cultivate innovative enterprises that will thrive in a globally connected economy.
We’ve promoted the Region’s unique characteristics, the enterprise benefits available through our programmes, and we are attracting the businesses that will help grow our economy.
It is from these successes that we will continue to address the economic challenges that our businesses and region face.
Only through a coordinated approach to infrastructure and housing investment will we deliver our economic growth ambitions.
Our current investment plan is delivering £650m investment to 2020, creating transport capacity, revitalising our urban centres, building new homes and supporting employment land development.
Our Integrated Infrastructure Plan sets out a plan to develop an enhanced and efficient transport network, strong digital connectivity, defence against flooding, a sustainable cost effective energy supply, quality new homes and readily available commercial space.
Securing freedoms, flexibilities and funding from Government remains an important part of our approach and we continue to explore new and innovative models of investment and delivery, guided by a more strategic approach.
We’ve developed our own Housing Fund, shaped and allocated based on locally set criteria and available over a longer timeframe. It complements and plugs the gap in current national housing investment programmes, help to unlock development opportunities, and deliver much-needed new homes across the city region.
Sheffield City Region is building a thriving, super-connected and successful economy.
To achieve our economic goals we need an effective, integrated and sustainable transport network that offers excellent connectivity. We will deliver this network by maximising the benefit of national infrastructure programmes and planned Transport for the North investment to ensure we are connected to other city regions and global markets. We will also deliver our own intra-regional connectivity proposals.
Combined, these investments will allow us to achieve agglomeration benefits, by bringing firms closer (in space or time) to other firms or workers in the same sector. Agglomeration will support specialisation, improve labour market efficiency and increase competitiveness by opening up access to new markets. In this way we will drive increased productivity, up-skill our workforce and create higher wage jobs.
Our plans are captured through a statutory transport plan which seeks to deliver against a wider set of transport objectives including inclusivity (tackling transport poverty), active travel and air quality also.
You can find out more about our ambitions for transport in the Sheffield City Region in our Transport Prospectus.
Securing new inward investors into the city region is a priority for the Sheffield City Region.
A small team of inward investment specialists targets potential investors across the UK and overseas. The team focus on selling the strengths of the region, our land and property offer especially our Enterprise Zone sites and the research specialists housed in our two world class universities.
The team works alongside other organisations across the whole of the Sheffield City Region, including the existing business support agencies of the eight local authorities, private sector partners, the chambers of commerce and the two leading universities in the city region.
We’re a city region that’s going places…and we want the world to know it.
Each year we promote the Sheffield City Region at MIPIM, the world’s biggest real estate conference, in the south of France. We do this to secure investment, make new contacts with international decision-makers and shout about our city region on the world stage.
We were also proud to host the Horasis China Meeting in November 2017, which brought over 300 delegates from across the world to Sheffield City Region, and we regularly host events across the UK and the world to meet those people who can help us to make our vision a reality. Watch what happened hereMIPIM