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Economic Growth

The need for change

The North is an attractive, diverse region and home to around 16 million people. We have vibrant communities, buzzing cities, five stunning National Parks, an abundance of talent and a wealth of high-performing businesses.

However, from an economic perspective the region is underachieving. The economic value per person in the North (GVA) is 25% below England’s average, and our income per person is £7500 less.

The benefits of a transformed North

The Northern Powerhouse Independent Economic Review identified four areas where the North is highly skilled and globally competitive. These are called ‘prime capabilities: Advanced Manufacturing, Digital, Energy, and Health Innovation.

Promoting, growing and connecting the North’s prime capabilities could result in higher productivity. The prime capabilities are supported by three ‘enabling capabilities’. These are services or skills that provide the expertise and support for the North’s economy to flourish, and for its people to enjoy a better quality of life. These are: Education, Financial and Professional Services, and Logistics.

Download NPIER core messages

Our role

Having a reliable, resilient transport network for journeys to, from and within the North is an integral part of our vision. Our role in supporting economic growth is:

Supporting sustainable economic growth

If the economy of the North is transformed, by 2050 we could see around:
£100bn increase in GVA and 850,000 additional jobs.

To make this happen, we need significant, long term investment in the North’s transport network.

 

Download Strategic Transport Plan Key Messages