NEP also aims to strengthen the competitive advantage of the county’s central location by further investment in the transport infrastructure.
The new strategic economic plan was submitted to government this week. It focuses on four key areas business and innovation, employment and skills, infrastructure and connectivity and housing. NEP’s strategy will target growth at 1% higher than the national average increasing our current economy from £16billion to £20billion by 2021.
NEP chief executive Jo Lappin said: “More than 180 people from businesses and key organisations across Northamptonshire shared their thoughts with us, which informed and shaped our Strategic Economic Plan. We are confident that this Plan will help our businesses to grow and prosper and create new jobs for Northamptonshire. It will also support house building and create the infrastructure that we need for our growing population.”
Development of the Prior’s Hall site near Corby is already under way with five home developers currently active on the site. NEP is aiming to stimulate the building of a further 37,000 homes across Northamptonshire by 2021. The Plan will bring together key partners to explore how Northamptonshire can provide the housing needed to meet the needs of local people.