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Gloucestershire Business News

Gloucestershire's future economic growth to be focus of new report in front of county council

Gloucestershire County Council is set to give its support to a key document that will promote economic growth opportunities in the county.

A key document that will promote economic growth opportunities across Gloucetershire is set to be approved by the County Council.

The Gloucestershire Local Industrial Strategy has been written by GFirst LEP and the government ans is set to be published in March 2020.

Gloucestershire County Council has been asked for its view on the draft strategy and their formal response will be considered at the council cabinet meeting on November 13.

According to a report, the Local Industrial Strategy (LIS) will guide future investment and look to improve productivity and help the area realise its potential.

It has been put together after consultation with each of Gloucestershire's local authorities, other stakeholders and a survey of more than 5,000 people aged 16 to 24.

The LIS seeks to ensure that people have the skills to keep pace with technological changes as well as positioning the county to maximise economic opportunities through the digital age.

It also looks into ways to fight climate change and protect nature, as well as ways of attracting and retaining the young talent in the area.

It will also set out to exploit opportunities in growth sectors such advanced engineering, agri-tech and, crucially for the county that will be the home of Cyber Central, cyber tech.

The draft document notes the strengths of the county from its location, attractive natural environment and diversity.

It also acknowledges the challenges facing the county, including an ageing population, a need for young talent and a desire for greater business growth and productivity.

The draft Strategy notes the formation of the Great Western Gateway, the Powerhouse for the South West and Wales and the ambitions set out in the County Council's Vision 2050 plan.

The report being put to cabinet says the LIS has been well received and members are pleased to see how the county council's plans and policies are included.

Cllr Patrick Molyneux, cabinet member for economy, education and skills, said: "It is pleasing to see many of the county council's aims and ambitions included in this document.

"It will help shape future economic growth in our county to ensure we are digitally connected and can provide affordable homes, jobs and opportunities.

"We look forward to working with our partners to deliver these objectives."

If the council's cabinet endorses the response, it will be sent to GFirst LEP to help shape the final version of the strategy.

The report being put to cabinet can be viewed on the Gloucestershire County Council website.

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