To achieve this, we have produced a Local Industrial Strategy that sets out a blueprint for the doubling of our economy over 25 years. This is a stretching but achievable goal. It is a goal which captures the aspirations of our newly devolved area to take charge of its future with strong local leadership and world class assets. Our approach is to focus our resources onto the generation of global, productive and inclusive growth, underpinning the foundations of our economy and producing a greater emphasis on better living. Our priorities are to:
- Improve the long-term capacity for growth in Greater Cambridge to reduce the risk of any stalling in the long-term high growth rates that we have enjoyed in the city for several decades.
- Increase the sustainability and broaden the base of our economic growth, by identifying opportunities for high growth companies to accelerate business growth where there is greater absorptive capacity.
- Expand and build on the clusters and networks that have enabled Cambridge to become a global leader in innovative growth by encouraging individual business leaders, sectors, and places to join together to build an economy-wide business support eco-system
To help us achieve this, in 2018 the Combined Authority absorbed the Greater Peterborough & Greater Peterborough LEP to form the Combined Authority Business Board, led by the Combined Authority’s Director of Business Skills and a board made up of leading local figures from business and academe.