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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 document has been prepared by the Council and will act as a blueprint in guiding economic activity in the East Riding for the next four years, with the aim of promoting growth all parts of our area.

The Government launched a national industrial strategy in November 2017, outlining its vision to build a Britain for the future and capitalise on its strengths and advantages to improve productivity, innovation and create high-quality employment whilst working towards a low carbon economy.

The strategy identifies four priorities to enable the East Riding to respond to the Government’s vision at a local level and complement the ambitions of the Humber Local Enterprise Partnership and the York, North Yorkshire and East Riding Local Enterprise Partnership. 

It aims to build on the East Riding’s natural specialisms, 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 9.6mb)

East Riding Economic Strategy Action Plan 2018-2022 (pdf 5mb)

East Riding Economic Strategy Action Plan 2018-2022 (2019 update) (pdf 1mb)

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

What research has been undertaken to understand the economy of the East Riding? 

The East Riding of Yorkshire Council regularly undertake a Local Economic Assessment (LEA) which draws together a wide range of economic information into one coherent evidence base, which is available to view on the East Riding Data Observatory website:

East Riding Data Observatory - LEA (external website)

As well as the LEA the East Riding and partners also undertake research from time to time in order to understand distinct elements of the East Riding’s economy.

The reports from recent research are attached below:

M62/A63 Corridor Transport Feasibility Study

This study has been commissioned by East Riding of Yorkshire Council and Hull City Council to examine the accessibility of strategic employment sites in the M62-A63 corridor. These sites are important in supporting the new sustainable energy allocations in the North Sea.

M62/A63 Corridor Transport Feasibility Study (pdf 2mb)

Business Support beyond 2012 on the Humber North Bank

This study outlines what business support provision will be needed by businesses in the East Riding of Yorkshire and Hull City regions to take advantage of the emerging growth opportunities in the Humber region beyond 2011 and what current gaps are evident in this business support provision.  

Business Support Study (pdf 864kb)

City Relationships - Economic linkages in Northern City Regions – Hull and Humber Ports

The City Relationships project was undertaken for The Northern Way and the Department for Communities and Local Government. Based on a review of academic literature and a series of case studies of northern city regions, the study developed a concept designed to improve understanding of relationships between places. This report concludes the findings for the Hull and Humber ports area.

City Relationships Study (pdf 1mb)

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 Data Observatory website:

East Riding Data Observatory - LEA (external website)

How often will the LEA be updated?

The LEA is a ‘live’ document hosted by the East Riding Data Observatory 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 are the Regeneration Strategy Schedules?

The Regeneration Strategy Schedules provide details of, and a rationale for regeneration activity in the East Riding.

Please download the document below to see the Regeneration Strategy Schedules.

Regeneration Strategy Schedules (pdf 1.9mb)

What is the Regional Growth Fund?

The Regional Growth Fund (RGF) is a £1.4bn fund operating across England from 2011 to 2014. It supports projects and programmes that lever private sector investment creating economic growth and sustainable employment. It aims particularly to help those areas and communities currently dependent on the public sector to make the transition to sustainable private sector-led growth and prosperity.

A joint bid between East Riding of Yorkshire Council and Hull City Council was approved in round two of this fund to support the Enterprise Zone proposal in developing skills and supply chains for the renewable energy sector.

What is an Enterprise Zone?

The 2011 budget announced that government would establish 21 new Enterprise Zones in Local Enterprise Partnership (LEP) areas within England. Enterprise Zones are allocated areas designed to stimulate economic growth through simplified planning requirements, favourable tax allowances and discounted business rates. It is intended that these zones have the potential to develop innovative solutions to address the specific local economic challenges.

Are there any Enterprise Zones in the Humber?

On 17 August 2011 it was confirmed that the Humber Local Enterprise Partnership's bid for an enterprise zone was to be approved by the government.  

The focus of this successful bid was upon the renewable energy sector and efforts to develop a nationally significant energy cluster on the Humber. 

The Humber LEP’s bid covers 375 hectares on three sites:  

  • Green Port Hull (Alexandra Dock), Hull

  • Queen Elizabeth Dock, Hull

  • Able Marine Energy Park (southern part), North Lincolnshire

  • A reserve site has been approved at Saltend, East Yorkshire.

The Humber’s Enterprise Zone is the largest to be announced by the government to date, and more than double the size of the next biggest.

In response to the announcement in October 2011 by BAE Systems regarding their site in Brough, 12 miles west of Hull city centre, The Chancellor of the Exchequer has invited the Humber Local Enterprise Partnership (LEP) to develop proposals for a second Enterprise Zone in the region.

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

The Regeneration and Funding service has worked in partnership with YNYER LEP directors of development 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 has 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 report is due to be finalised in May and has helped to inform the York and North Yorkshire Local Industrial Strategy. 

The study documents can be viewed and downloaded:

Stage 1A - Future Towns study (12mb) 

Stage 1B - Future Towns study (14mb)