Mayor’s growth plan will ‘unlock opportunity’

A new strategy to drive economic growth and investment across the North East has been unveiled by a regeneration boss.

North East mayor Kim McGuinness has launched the interim Local Growth Plan, which will guide the work of the North East Combined Authority.

The plan focuses on making the region a hub of opportunity, tackling child poverty and ensuring economic benefits reach all communities.

Mayor McGuinness said: “My vision for the North East is for it to be known as the home of real opportunity, a region where everyone thrives.  

“As the first North East mayor, I will unlock world-class opportunities and build inclusivity into every element of our economy, ensuring we do so in a manner that improves lives for all, while our region becomes a trailblazer for the UK’s economic success. 

“Our ten-year plan sets out how we will grow our economy, support our businesses and improve living standards for people across our great region.”

Six key industries have been identified as drivers of growth: offshore wind and energy transition; advanced manufacturing, including electric vehicles; creative industries and content; life sciences, pharmaceuticals and process industries; digital technology and artificial intelligence; and defence, security and space. 

Mayor McGuinness says the plan also recognises the importance of small businesses and rural industries in building a diverse and sustainable economy.

John McCabe, chair of the North East’s Business and Economy Advisory Board, and chief executive of the North East Chamber of Commerce, added: “The North East is home to world-class industries that drive a £54 billion economy built on advanced manufacturing, innovation and creativity, with huge potential for growth. 

 “This plan has been shaped with the help of businesses, reflecting a deep understanding of what makes our region unique. 

“But prosperity depends on more than just industry; it requires investment in skills, access to employment, bridging the digital divide and improving housing and transport. 

“By working together, we can unlock new opportunities and ensure economic success benefits everyone across the North East.” 

The plan will now go out for consultation, with businesses and community groups invited to provide feedback. 

A final version is expected to be approved in the summer.

A series of events will take place across the region to encourage input from businesses and residents. 

More details, including a copy of the plan, are available on the NECA website.

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