The Local Industrial Strategy (LIS) for Hertfordshire presents one of the greatest opportunities to shape the county’s future economic pathway, setting out a roadmap for future growth and improved productivity.
The draft strategy was published by Hertfordshire LEP on 9 September, and made available for public consultation until 14 October 2019. During this period, stakeholders were invited to comment on the strategy to ensure it addresses the area's needs and drives inclusive growth.
26 responses were received in total from across a range of sectors including public, private, voluntary and local authority, from across and beyond Hertfordshire.
Respondents included: Arts Council England, Better Business for All, Broxbourne Borough Council, Dacorum Borough Council, East Hertfordshire District Council, Enterprise Hertfordshire, Environment Agency, Hertfordshire Chamber of Commerce, Hertfordshire Community Foundation, Hertfordshire Growth Board, Herts and Middlesex Wildlife Trust, Hyperlocal Cities, Innovate UK, Letchworth Garden City Heritage Foundation, London Stansted Cambridge Consortium, Nemco Limited, North Herts District Council, Ocado, Sales Masters Guild, St Albans City and District Council, Stevenage Borough Council, The Crown Estate, Visit Herts, Watford Borough Council, Welwyn Hatfield Borough Council, and Wenta.
Feedback on the consultation draft was largely positive, with respondents welcoming the opportunity to take part in the process of moving the Local Industrial Strategy forward. Comments were gathered in response to the overarching priorities, growth scenarios and strategic themes identified for Hertfordshire, as well as on opportunities for further consultation, the deliverability of the LIS’s strategic aims, and specific concerns outside the scope of the LIS.
The feedback received will help shape the final Local Industrial Strategy, which will then go through a co-design process with Government before final publication in early 2020. We are continuing to engage with stakeholders through business roundtables, with the next one set to take place in Letchworth Garden City.
About the Local Industrial Strategy
Local Enterprise Partnerships have been tasked by the UK Government to develop Local Industrial Strategies to help create more prosperous communities and tackle the vast regional and local disparities that exist across the UK.
Improving productivity performance and achieving more inclusive growth are the overarching challenges – and the challenges presented to all Local Enterprise Partnerships through the Government's Industrial Strategy.
Our draft Local Industrial Strategy for Hertfordshire (LIS) has brought together a strong, well-informed evidence base about our area’s economy and outlines a long-term set of priorities that capitalise on existing opportunities and addresses our area's needs.
The story so far
Work has been underway to develop Hertfordshire’s Local Industrial Strategy since the White Paper was published. It has included:
Why is this important?
A thorough understanding of local economies (their strengths, weakness and spatial distribution) will inform local and national decision making in the future. Here in Hertfordshire a lot of the groundwork has been done already with our (SEP), which was refreshed in 2017 and is economically sound.
Our Local Industrial Strategy builds on the priorities set out in our SEP, with a focus on how we can boost productivity and drive inclusive growth. Hertfordshire's strategy will be an integral part of the wider growth plan and positions the LEP as key drivers of it.
It will also be used to inform choices at local and national levels. It is not a bidding document. There is no new funding directly attached to the Local Industrial Strategy; in order for it to be agreed with Government it should be achievable within funding streams that already exist.
However, Local Industrial Strategies will help to inform how existing funds such as the UK Shared Prosperity Fund and future place-based funds are allocated, along with a wide range of other local and national funding streams as set out across the Industrial Strategy. This may include the Strength in Places Fund, Transforming Cities Fund, Cultural Development Fund and others.
Stakeholder engagement and consultation
Collaboration is key. We have worked with a wide range of partners, including corporates, universities, think tanks and economists, business representative organisations, the not-for-profit sector, local authority leaders and central Government officials to develop the evidence base and help shape our priorities.
Our LIS plays a key function in the wider growth proposition being developed by . The LEP and the local authorities have or are due to sign up to this agreement to ensure that we speak with one voice to Government.