Economic development strategy
This economic development strategy is the first for the new Somerset West and Taunton Council and provides a strategic framework against which future economic development interventions will be made.
The strategy which was approved by Full Council in February 2020 prior to the Covid19 pandemic, will measure the impact of those interventions in terms of addressing and improving some of the underlying issues and challenges identified during its development over the last year,
Some of the issues such as social mobility and opportunity are longer term systemic challenges that need to be constantly re-visited, whereas others relate to new business opportunities in emerging sectors, and new ways of doing business, such as increasing digitalisation and the need to respond to sustainable living and climate change.
The strategy has been developed through wide consultation and stakeholder engagement. The yearly work plan will be prioritised and reviewed to take into account what has been achieved and what more there is to do, as well as identifying opportunities to leverage national and regional funding streams in support of taking forward some of the proposed interventions,
Our Council will be focused on evidence gathering, enabling, facilitating and seed corn funding interventions in partnership with sub-regional stakeholders; and leveraging Government funding through the LEP, against the latest policy thinking such as the Local Industrial Strategy and post Covid19 recovery strategies.
The strategy is also available in a text only version.