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Regional-Economic-Development

Regional Economic Development

The Issue

For sustainable and balanced economic growth we need to utilise the breadth and depth of resources across the UK. Only with continued investment in infrastructure, like HS2, the Northern Powerhouse and the road network, will regional growth increase.

Our research shows the most important mode of transport for small firms is by road, so they must be adequately maintained and invested in.

Devolution of certain powers to the Home Nations and within England will help to rebalance the economy.

Action FSB have taken

  • To rebalance the economy we’re calling for more economic governance at the local level
  • We’re lobbying for the delivery of different projects identified within the National Infrastructure Plan.
  • We’re calling for the Government to develop and strengthen the emerging growth-hubs and support the ongoing development of Local Enterprise Partnerships.

Our Ask

We want the Government’s economic and infrastructure plans to explicitly support every nation and region in the UK. In a global market, small firms across the UK must not be at a competitive disadvantage, because of their geographic location. Devolving more economic powers to the nations and local authorities will see small firms expand and grow.

Achievements in...


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UK/Westminster

  • Following continual lobbying by our national and regional teams, in December 2014 the Government published its guidelines for transparency and accountability by the LEPs.
  • The Chancellor announces a Transport Strategy for the North in the 2015 Budget.
  • In the same Budget the Chancellor announces more funding for regional tech hubs in Sheffield, Leeds and Manchester.
  • In 2014 the Government announced more money to boost the National Infrastructure Plan.
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