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Economic development

Explains what the Economic Strategy is, where to get up to date information about the economy, what is the local economic assessment (LEA), how often is the LEA updated, how to get further information and what are the regeneration strategy schedules.

What is the Economic Strategy?

The Economic Strategy identifies the priorities for economic development within the East Riding.

The strategy is coming to the end of its 5-year term and is currently under review.

The document was prepared by the council and is acting as a blueprint in guiding economic activity in the East Riding, with the aim of promoting growth and inclusion all parts of our area. A mid-term review was completed in January 2021 to reflect a new EU-UK relationship, Local Enterprise Partnership reform and the announcement of a broad package of complementary UK-wide funding to support economic development.

The strategy identifies four priorities to enable the East Riding to respond to the Government’s vision at a local level..

It aims to build on the East Riding’s natural strengths, such as those in food, manufacturing and the renewable energy sector while continuing to address longstanding challenges in productivity, innovation, business growth, skills demand and existing pockets of deprivation in urban, rural and coastal areas.

The four priorities identified in the strategy are:

  • Business growth: Support sector growth and bring forward and maintain an attractive portfolio of employment sites in combination with high-quality and effective business support services.
  • Lifelong learning: Equip people with the skills they need to progress in the labour market, engage those furthest from employment or education and deliver higher level skills to meet the demands of the local economy.
  • Quality locations: Develop a ‘place-based’ approach to meet the housing, infrastructure, employment and local service needs to create sustainable and    growing communities.
  • Sustainable economy: Ensure greater cohesion and integration between our natural and economic asset base to contribute towards a more sustainable, low carbon economy.

 

East Riding Economic Strategy documents are available below:

East Riding Economic Strategy 2018-2022 (pdf 12.3mb)

East Riding Economic Strategy Year 1 Review 2018-2019 (pdf 4mb)

East Riding Economic Strategy Year 2 Review 2019-2020 (pdf 2mb)

East Riding Economic Strategy 2018-2022 Mid-Term Review 2021 (pdf 2.4mb)

What is the Local Economic Assessment (LEA)?

The Local Economic Assessment presents the latest information on the East Riding economy and its Functional Economic Areas (FEAs). Local economies do not adhere to administrative boundaries and so FEAs are useful in allowing the identification of key economic centres, the drivers for economic activity, and growth opportunities and/or challenges to be addressed.

The purpose of an economic assessment is to provide a robust evidence base that will underpin strategic planning, investment decisions, and delivery plans.

The economic assessment consists of the following sections:

  • Population
  • Economic Performance
  • Place
  • Businesses
  • Labour Market
  • Education and Skills
  • Quality of Life
  • Functional Economic Areas

 

The East Riding Local Economic Assessment can be found on the East Riding Intelligence Hub website:

East Riding Intelligence Hub - LEA (external website)

How often will the LEA be updated?

The LEA is a 'live' document hosted by the East Riding Intelligence Hub website and is maintained on an ongoing basis to ensure that it provides the latest available information about the East Riding economy. The assessment is divided into eight chapters with each addressing a different theme. 

These profiles can either be viewed online or downloaded as a PDF document and printed as required.

How do I get further information about the LEA?

If you have any questions about the East Riding LEA, please contact us via email.

Email: economic.development@eastriding.gov.uk

What is the York, North Yorkshire, East Riding Local Enterprise Partnership (YNYER LEP) Future Towns Study?

The Regeneration and Funding team worked in partnership with the directors of development at the York, North Yorkshire, East Riding Local Enterprise Partnership (YNYER LEP – now dissolved) on a study of towns across the York North Yorkshire East Riding area. The first part of the study was undertaken by the Funding, Strategy and Programmes team in Economic Development and provided baseline economic and planning data and local area profiles for 42 towns across the study area. More detailed analysis was undertaken on a sample of 15 towns, and the Team also led on the evaluation of software packages which report on the general health of town centres and high streets. 

This led to the purchase of Local Data Online, from the Local Data Company, with 10 licences over the next 3 years being funded by the YNYER directors of development pooled budget. This provides a 6 monthly tracking service on premises occupancy and uses in town centres for all towns across the UK. Health checks using Local data Online were also provided for the 15 towns. 

The second part of the study was commissioned by YNYER LEP from Metro Dynamics, to report on the future of town centres and high streets across the LEP area. This required critical analysis of current economic conditions and how future trends might impact local communities, along with recommendations as to how to develop solutions for economic success in the future.

The study documents can be viewed and downloaded:

Stage 1A - Future Towns study (12mb) 

Stage 1B - Future Towns study (14mb)  

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