Monday, March 7, 2022

News: South Yorkshire hosts Economic Summit


South Yorkshire will host an Economic Summit this week that brings together the brightest thinkers from across the country, the best businesses, entrepreneurs, research institutes and anchor institutions for a day of debate and ideation.

The summit follows the The South Yorkshire Mayoral Combined Authority and Local Enterprise Partnership approving their 20-year Strategic Economic Plan (SEP), which sets out local leaders’ blueprint to drive the region’s recovery from COVID and transform South Yorkshire’s economy and society for people, businesses and places.

The SEP paves the way to a stronger, greener and fairer economy as the region looks to unlock its potential and create prosperity and opportunity for all. A Renewal Action Plan has also been published which sets out a road map to help South Yorkshire recover from the pandemic and put the region on the path towards social and economic renewal.

The summit is being held at Kollider / Castle House in Sheffield on March 9.

A key focus will be the levelling up white paper sets out the UK government's vision to level up and bring prosperity across the UK. A panel of experts will discuss the national mission and what that means for South Yorkshire. The panel includes South Yorkshire Mayor, Dan Jarvis MBE MP, Lucy Nickson, Chair of the South Yorkshire, Local Enterprise Partnership and Andy Haldane, Economist, Head of the Levelling Up Taskforce.

Other sessions are set to focus on Access to Finance, Supporting Clusters and Clustering (chaired by Sharon Kemp, chief executive of Rotherham Metropolitan Borough Council and part of the Advanced Manufacturing Innovation District Leadership Group), Access to Skills and Opportunity, Innovation Ecosystems and a session that showcases the opportunities and potential in South Yorkshire, from clean tech and energy, sustainable manufacturing, arts, culture and heritage and new emerging partnerships.

Lucy Nickson, Interim Chair of the South Yorkshire Local Enterprise Partnership, said: “South Yorkshire stands at the cusp of something special. We are harnessing our powers and resources to create a dynamic, innovative economy and unlock prosperity and opportunity for all. We have a track record in attracting world-leading firms such as McLaren and Boeing and creating economic clusters in advanced manufacturing and engineering. Now we want to go much further and unleash the next generation of success stories, in aerospace, life sciences, digital and energy. Our summit will explore how we can bring our region together to make that happen and send a confident signal to investors and government that South Yorkshire is open for business and ready to level up.”

Dr Dave Smith, Chief Executive of the South Yorkshire Mayoral Combined Authority, added: “Civic leaders, anchor institutions and businesses in South Yorkshire are working together to develop the infrastructure, the talent and the supply chains which our region needs for economic renewal. We have a credible, funded long-term plan and have made a strong case to government to back our ambitions. Now we are exploring how we take this to the next level, by establishing innovative partnerships and finance models which give investors certainty and attract more private investment into South Yorkshire – which is vital if we are to grow our economy and ensure more people, businesses and places share in prosperity.”

SYMCA website

Images: SYMCA


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