Yorkshire Forward
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Yorkshire Forward is the regional development agency (RDA) for the Yorkshire and the Humber region of the United Kingdom.[1] It supports the development of business in the region by encouraging public and private investment in education, skills, environment and infrastructure. It will be abolished in 2012 following the public spending cuts announced in 2010.[2]
[edit] Regional Economic Strategy
Each of England's nine RDAs works with partners in the region to create a Regional Economic Strategy.[3] Yorkshire and the Humber uses the business cluster strategy of economic development, actively investing in key business sectors to accelerate economic growth and encourage higher value added business. Yorkshire Forward identified seven key clusters that have the potential to deliver significant economic growth in the future.
[edit] History
The Yorkshire Forwards head offices in
Leeds.
The GDP of Yorkshire represents 8% of total UK output. However, growth has not been sufficient to begin closing the productivity gap between Yorkshire and the Humber and either the London or South East regions. Businesses in Yorkshire benefit from average salaries below the national average,[4] operating costs up to 20% lower than the UK average, and a competitive property market. In the Liberal Democrat-Conservative's Emergency Budget of 22 June 2010, it was announced that regional development agencies such as Yorkshire Forward are set to be abolished as part of the programme of radical spending cuts to reduce the UK's national deficit.[2] Following a government review, Yorkshire Forward's responsibilities are likely to pass to a series of new 'Local Enterprise Partnerships'.[5]
[edit] References
[edit] External links
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