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PRIVACY
Economic Development

Great South West presents its case to Government to deliver investment roadmap

At the heart of the Great South West growth prospectus is the ambition to make the area the cleanest economy in England and the first to be net zero carbon

Members of the Great South West team, including MPs and business leaders(Image: Sheryll Murray's office)

An economic roadmap to drive a £45 billion uplift to the South West economy has been formally presented to the government.

The Great South West prospectus sets out how the area spanning Cornwall and the Isles of Scilly, the Heart of the South West (Devon, Plymouth, Somerset and Torbay) and Dorset aims to become the latest growth alliance to rebalance the º£½ÇÊÓÆµ economy, alongside the Midlands Engine and Northern Powerhouse.

On January 22, a delegation comprising business leaders, Local Enterprise Partnerships (LEPs), MPs and local authorities presented Minister for Local Growth, Rt Hon Jake Berry MP, with the growth prospectus and briefed him on ambitions to deliver £45 billion of economic benefit and 190,000 new jobs over the next 15 years.

Minister for Local Growth Rt Hon Jake Berry MP said: “This Government is committed to levelling up every part of the country and giving people the opportunities to unlock their full potential wherever they live.

The Great South West prospectus

 

“We’re already investing over £415 million from our Local Growth Fund in exciting and innovative projects across the South West like Spaceport Cornwall, the Somerset Innovation Centre and the Port of Poole.

“I am looking forward to working with local leaders to explore how we build on this investment and the many strengths of this region to create thousands of jobs, boost business and grow the economy so people across the South West can benefit for generations to come.”

At the heart of the Great South West growth prospectus is the ambition to make the area the cleanest economy in England and the first to be net zero carbon.

Back the Great South West(Image: Reach Plc)

Its focus is on creating world-leading growth in the ‘green’ and ‘blue’ economies, backed by a wealth of natural assets on land and sea, groundbreaking companies and research expertise.