Regional Economic Strategy
One North East is responsible for taking forward the review of the existing Regional Economic Strategy (RES) on behalf of North East England.
The Regional Economic Strategy (RES) sets out how we are going to deliver greater and sustainable prosperity to all of the people of the North East over the period to 2016. It seeks to provide the underpinning economic conditions necessary to achieve the region's vision:
The North East will be a region where present and future generations have a high quality of life. It will be a vibrant, self reliant, ambitious and outward looking region featuring a dynamic economy, a healthy environment and a distinctive culture. Everyone will have the opportunity to realise their full potential.
In doing so, the RES:
- outlines the region's main economic development priorities
- analyses the strengths, weaknesses, threats and opportunities facing the region
- provides a framework for the region's public, private and voluntary and community sector organisations to deliver actions for greater and sustainable prosperity
- provides information on the region and its economy and the key relevant Government policies for developing the region.
Regional Economic Strategy (RES) 2006 - Leading the way
Although the North East is experiencing success in many areas, the challenge to narrow disparities with the rest of the UK and improve international competitiveness remains.
Everyone in the region has an opportunity to help shape the future direction of the RES, and therefore the North East's economic development.
The Agency led the Shaping Horizons in the North East (SHINE) process, involving hundreds of stakeholders from the private, voluntary and public sectors.
The revised Regional Economic Strategy 'Leading the way' was submitted to DTI for comment on 24 July 2006. The official RES launch took place on 27 September at the Agency's annual review meeting.
The document has received full endorsement from the North East Assembly, the Association of North East Councils, the Learning and Skills Council, the Northern Business Forum, the North East Health Forum, Voluntary Organisations Network North East (VONNE), Culture North East, SustaiNE and One North East.
The RES has stronger priorities and is much more focused, targeting areas which will provide the region with maximum return on investment through to 2016. It represents a significant step forward from the previous RES, and is underpinned by much stronger evidence.
One North East has now developed the RES Action Plan with partners. This will help to influence regional partners and their investment decisions. Drawing up and agreeing the plan provides an investment framework and secures partners' commitment to align their resources with the RES and to deliver on its objectives.
It sets out the lead partners to deliver on different aspects of the RES, as well as measures for the Agency to monitor progress. This helps the region move towards the strategy’s targets for growth, productivity and participation over the next five years.
Click here for a link to the RES Action Plan web page.
A combined Sustainability Appraisal and Strategic Environmental Assessment (SEA) was undertaken on the RES, and its recommendations have been integrated into the document. SEA is a statutory process to provide a high level of protection of the environment and to integrate environmental considerations into the preparation and adoption of plans and programmes. Its aim is to promote sustainable development.
For further information, call the RES team on 0191 229 6612.