Plans approved to boost South Yorkshire economy by £7.6bn in 20 years

A Yorkshire organisation has revealed its plans to drive the region’s economic recovery from the pandemic.

The Sheffield City Region Mayoral Combined Authority and Local Enterprise Partnership have approved a 20-year Strategic Economic Plan (SEP).

The SEP aims to create a “stronger, greener and fairer” economy, which will add £7.6bn GVA to South Yorkshire by 2041.

Mayor of the Sheffield City Region, Dan Jarvis, commented: “The approval of the Strategic Economic Plan is a significant signal of intent to government, investors and people and businesses in our region.

“This landmark plan sets out how we will transform our region as we seek to overcome the biggest economic challenge in a generation.

“We want to create good, high-paid jobs for local people, attract investment and ensure our people have the skills they need to thrive.

“We will work with our partners to improve the health of our residents, reach net zero emissions by 2040 and transform the places people live.

“The Strategic Economic Plan provides the blueprint for how we can come together to build a stronger, greener and fairer city region – creating not just a bigger, but a better economy for us all.

“The South Yorkshire economy has huge untapped potential. This is an unashamedly ambitious plan, but I am already working closely with our local authorities, business partners and government to making our goals a reality.”