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Strategic Economic Plan

Strategic Economic Plan 2019-02-27T15:02:53+00:00

WECA and the Local Enterprise Partnership are working with Government to develop a Local Industrial Strategy to deliver on our region’s ambition to be a driving force for clean and inclusive growth. This is an important opportunity for the West of England, and we are working with the business community to ensure that the strategy reflects the views and priorities of businesses.

Once finalised, the Industrial Strategy will supersede the Strategic Economic Plan, which was submitted to Government in March 2014, alongside plans from England’s other 38 LEPs for a share of the annual investment funds.

Strategic Plan Development and submission

Our Strategic Economic Plan set out how the region will develop its £25bn billion economy over the next six years, stimulating sustainable economic growth and creating 25,500 jobs.

It was the first time a plan of this scale and depth had been developed through the collaboration of the LEP’s extensive network of 800 businesses, the four West of England unitary authorities, the region’s five further education colleges and its four universities. The plan also gained the support of all the MPs in the region.

The plan was developed over a period of six months. A period of wider public consultation ran for six weeks that saw feedback from over 100 individuals and organisations.  The has been used to attract private sector investment to the region, and as part of a national competition for a share of £2 billion per year, for the next six years, of government funds.

Annual Impact Report

The Impact Report 2015/16 provides key intelligence on how the LEP worked to support economic growth and business on the ground across the four local authority areas of Bath & North East Somerset, Bristol, North Somerset and South Gloucestershire.

It complements the existing Success Map; ‘West of England – home of Knowledge, Innovation and Quality of Life’ that showcases the region’s strengths, success stories and future opportunities.

Progress update on equality and diversity objectives

In April 2016, we reviewed the activities delivered and progress to date against the equality and diversity objectives set out in the Strategic Economic Plan (SEP) and set out future actions which will further embed equality and diversity practices in all that we do. Our Equality and Diversity Report (Overview April 2016), set out the refreshed SEP equalities and diversity objectives to more closely align with the current WE LEP activities.

An important action arising from 2016 review was to undertake research to better understand the extent and the specific support required by women and minority ethnic group led businesses in the West of England. The WE LEP  commissioned this research. For further information, please refer to the Incorporating Diversity: Research into Women and BAME led businesses across the West of England report.

We published an updated  Equality and Diversity Report (April 2017)  which shows the progress made as of April 2017 .

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