A powerful coalition of South West businesses, education leaders and local authorities has pledged to work in partnership with Government to make the Great South West the latest growth alliance to rebalance the UK economy.
The Great South West partners are publishing a local growth prospectus today (Monday, January 13) that aims to deliver £45 billion of economic benefit and 190,000 new jobs over the next 15 years. The South Coast Marine Cluster has made the case that the Ocean Economy is a significant part of this opportunity, in particular by building on our opportunity in autonomy, the potential for investment in floating offshore wind and in building a clean sustainable ocean economy including through the development of aquaculture.
The Great South West covers the same area as the South Coast Marine Cluster (soon to be rebranded Maritime UK SW) spanning the Local Enterprise Partnership (LEP) areas of Cornwall & the Isles of Scilly, the Heart of the South West (which includes Devon, Plymouth, Torbay and Somerset), and Dorset.
The ambition of the Great South West is to sit alongside the Government-backed Northern Powerhouse, Midlands Engine and Western Gateway economic areas, and includes businesses, LEPs, universities, colleges and local government as a mechanism to attract additional investment in to the area.
At the heart of the growth prospectus is the ambition to make the Great South West the cleanest economy in England and the first to be net zero carbon – marine autonomy, floating offshore wind and aquaculture would be a key part of this transition and would give the South West a high productivity, highly exportable unique selling point.
To download the prospectus visit https://www.cioslep.com/assets/file/GSW%20Prospectus%20published%20final%20version%20100120.pdf