What are Local Industrial Strategies?
Within the national Industrial Strategy, the government stated it would work with all places in England to develop Local Industrial Strategies that would improve economic growth and prosperity.
Local Industrial Strategies will be long-term, based on clear evidence and aligned to the national Industrial Strategy.
They will identify local strengths and challenges, future opportunities and the action needed to improve productivity, earning power and competitiveness.
They will also guide the use of local funding streams as well as any future spending from national schemes.
To be successful, a Local Industrial Strategy will:
- Set out a robust and open evidence base.
- Map out specific opportunities and challenges.
- Make clear how the area will work in partnership with public and private stakeholders to achieve its ambitions.
- Prioritise specific, achievable and long-term ambitions.
- Set out clear plans to evaluate progress.
A copy of the government’s Industrial Strategy and Local Industrial Strategy Policy Prospectus are available to download at the bottom of this page.
What is the Leicester and Leicestershire Local Industrial Strategy Prospectus?
Before being invited by government to prepare a Local Industrial Strategy, the LLEP Board agreed to develop a Prospectus to act as the basis for further discussion.
The Prospectus was completed in July 2018 and set out a series of proposed Growth Opportunities that would increase productivity and earning power across Leicester and Leicestershire.
A copy of the Leicester and Leicestershire Local Industrial Strategy Prospectus is available to download at the bottom of this page.
How is the Leicester and Leicestershire Local Industrial Strategy being developed?
Leicester and Leicestershire has been included in the second wave of Local Enterprise Partnership areas invited by the government to prepare a Local Industrial Strategy.
The development of the Local Industrial Strategy is being led by the LLEP Board with the input of local partners.
To prepare the evidence base for the Local Industrial Strategy, the LLEP has:
- Undertaken a review of relevant national, regional and local information sources.
- Established a task and finish group composed of key stakeholders.
- Issued a public Call for Evidence.
- Commissioned an independent review of the Leicester and Leicestershire economy.
A copy of the Local Industrial Strategy Economic Review is available to download at the bottom of this page.
When will the Leicester and Leicestershire Local Industrial Strategy be published?
The government has stated that it will agree Local Industrial Strategies with all places in England by early 2020.
The LLEP is currently in the process of developing the content of the Local Industrial Strategy in consultation with the government.
For further information about the Leicester and Leicestershire Local Industrial Strategy, please email email@example.com.