Strategic Priority Two: Economic Recovery and Growth

"Accelerating the potential in existing industry and supporting the emergence of sunrise industries"

Our challenge, as an ESB, is to harness the potential of our public sector partners who achieve more by working together. This gives us the best chance for our full economic potential to be realised and to connect Nottinghamshire residents to the jobs created. Specifically, there is a task to support those most in need - both the individual and the companies - to achieve Economic Recovery and Growth.

We have commissioned expert advice to understand the opportunities available in Nottingham and Nottinghamshire within the context of national and regional policies. This collective analysis has helped to identify the best mix of sectors that are important to the future economic health of Nottingham and Nottinghamshire. These sectors need to be able to cope well with external pressures and have the resilience to grow quickly once overall economic conditions improve.

The priority sectors for promoting economic growth in future will be:

• Business services and finance
  
• Advanced manufacturing
  
• Science and technology
  
• Green technology
  
• Creative and digital

At the same time a number of existing sectors with less demanding entry standards remain critically important for providing employment opportunities and connecting our more disadvantaged to the world of work - these are:

• Retail and distribution
• Health and Social Care
• Construction

For each of these sectors there will be a need to address a range of cross-cutting issues. These issues, which include the importance of transferable skills and entrepreneurial behaviour, are addressed in the subsequent strategic priorities.

We will: