West Yorkshire launches flagship economic plan

Local TV

West Yorkshire leaders have committed to a new, flagship economic approach following the approval of six “Cluster Action Plans” at the most recent meeting of the WYCA.

Transcript

00:00West Yorkshire has just launched one of the UK's most ambitious growth plans,

00:06a multi-billion pound vision to supercharge the local economy

00:09and create tens of thousands of jobs in the process.

00:13At the heart of the plan are six newly approved cluster action plans,

00:17the first major step from strategy to delivery

00:20under the region's £7 billion local growth plan.

00:24Backed by the Mayor of West Yorkshire, Tracey Brabin,

00:26the initiative brings together public and private partners

00:30to build the infrastructure, investment and support

00:33that local businesses need to thrive,

00:35from access to finance and skills,

00:37to workspace, innovation and global markets.

00:41The sectors in the spotlight include advanced manufacturing,

00:44with the region already home to the north's largest manufacturing workforce,

00:48producing parts for global industries from aerospace to construction.

00:52Then there's financial and professional services,

00:55As England's second biggest financial district,

00:58major institutions like the Bank of England and the Financial Conduct Authority

01:01are now anchored here.

01:04Health tech is another focus,

01:05with the region aiming to be a global leader in health innovation,

01:09boosted by Europe's largest teaching hospital

01:11and a £160 million investment programme.

01:15Digital and technology and the creative industries

01:17are two other main sectors alongside the green economy.

01:20Building on momentum from a recent trade mission to Nashville,

01:23Mayor Brabin will now champion these sectors globally,

01:27flying the flag for West Yorkshire as a region where opportunity lives.

01:31The Sunday Times has said that Leeds is no longer just an alternative to London,

01:35it's the funky sibling.

01:37The West Yorkshire Business Board believe this joined-up approach

01:40will be the catalyst for the next decade of prosperity.

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