What do we need to change?
This section sets out eight goals and associated priorities that provide a clear framework for action for partners if we are to deliver the ambitions set out for the region. Here you can also read about some of the challenges and priorities associated with places in the East of England.
The goals and priorities have been informed by:
- analysis of the principal market failures in the East of England and potential options for addressing these market failures
- understanding of the key trends and drivers affecting the region both now and looking forward
- models of economic change, including the HM Treasury's five drivers of productivity (skills, enterprise, innovation, investment, competition)
- consideration of both demand and supply-side factors, and the key role of the private sector as the main driver of growth
- development and testing of the goals and priorities through stakeholder surveys, events and the consultation process
- evaluation of the impacts of previous policies and actions. Alongside the eight goals are short sections addressing the key strategic priorities for the engines of growth, rural and coastal areas.
This recognises that:
- the particular history and geography of places shape economic performance and future pathways for growth
- in taking forward delivery, there will need to be a careful consideration of the appropriate spatial scale of action, eg neighbourhood, local labour market, city-region, region or pan-regional.