20 year Economic Plan for South Yorkshire approved

The Sheffield City Region Mayoral Combined Authority and Local Enterprise Partnership have approved their 20-year Strategic Economic Plan (SEP), which sets out local leaders’ blueprint to drive the region’s recovery from COVID and transform South Yorkshire’s economy and society for people, businesses and places.

The SEP paves the way to a stronger, greener and fairer economy as the region looks to unlock its potential and create prosperity and opportunity for all.

Implementing its 20-year Strategic Economic Plan will mean by 2041 the South Yorkshire economy will look very different, with an extra £7.6bn GVA, 33,000 extra people in higher level jobs, reduced income inequality and improved wages by over £1,500 for the lowest paid, and a net zero carbon economy.

Mayor of the Sheffield City Region, Dan Jarvis, said: “The approval of the Strategic Economic Plan is a significant signal of intent to government, investors and people and businesses in our region. This landmark plan sets out how we will transform our region as we seek to overcome the biggest economic challenge in a generation.

“We want to create good, high-paid jobs for local people, attract investment and ensure our people have the skills they need to thrive. We will work with our partners to improve the health of our residents, reach net zero emissions by 2040 and transform the places people live. The Strategic Economic Plan provides the blueprint for how we can come together to build a stronger, greener and fairer city region – creating not just a bigger, but a better economy for us all.

“The South Yorkshire economy has huge untapped potential. This is an unashamedly ambitious plan, but I am already working closely with our local authorities, business partners and Government to making our goals a reality.”

The Strategic Economic Plan has been developed in collaboration with South Yorkshire’s four councils and will help the Sheffield City Region MCA and LEP secure additional funding from Government, such as through the UK Shared Prosperity Fund.

Ros Jones, Mayor of Doncaster, said: “This is an important economic blueprint for the future of Doncaster and South Yorkshire.

“We have ambitious plans to create a strong and diverse economy that benefits all Doncaster communities and at the same time complements the climate change agenda. This Strategic Economic Plan is a key tool helping us to achieve this goal, supporting our vision for a prosperous borough for all, and assisting Doncaster to secure government funding to deliver.”

Share: