A vision to transform Enterprise M3 into a globally competitive region, unique for its knowledge, digital and design-based economy, has been outlined with practical steps.
‘A Strategic Economic Plan for the Enterprise M3 area 2018 – 2030’ sets out how an already-established national asset and economic powerhouse, can grow its economy by four per cent each year and add £39bn of GVA to the UK economy. Enterprise M3 already contributes 2.9 per cent of the UK’s annual economic output, clearly punching above its weight.
Our SEP (Strategic Economic Plan), identifies two ‘stimulants’ that will generate economic expansion:
These will underpin Enterprise M3’s five priorities for economic expansion:
The plan also highlights how the Government’s four ‘Grand Challenges’ - The Ageing Society; Clean Growth; Future of Mobility; Artificial Intelligence and Big Data - from in the National Industrial Strategy are ‘Grand Opportunities’ for Enterprise M3.
From 1 April 2024, the responsibility for LEP functions across the Enterprise M3 LEP region has transferred to Hampshire County Council and Surrey County Council.
The Enterprise M3 Board met for the last time in March 2024 and Enterprise M3 LEP is no longer operating as an organisation.
For any enquiries relating to economic development across the counties of Hampshire and Surrey, please visit the Hampshire County Council website and Business Surrey respectively.
Please note that Enterprise M3 LEP staff have transferred to Hampshire County Council to continue to deliver services and activities in Hampshire, including the Growth Hub, the Careers Hub, work on key business sectors, and trade and investment.
They can be contacted at economic.development@hants.gov.uk.
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