Economic strategy: 2012-2026
- Economic strategy for Darlington [pdf document]
The information intended for Appendix 3 has been subsumed into Appendix 1.
This document, published jointly by Darlington Partnership [external link] and Darlington Borough Council, recognises the difficulties recession has placed upon both businesses and households in the borough and the need to develop a strategy for recovery and growth.
We have much to be proud of in Darlington, assets that are first class and present many opportunities; our heritage and culture, leading education provision, a world renowned engineering and manufacturing background, a highly-skilled workforce and strengths in both old and new industries.
The involvement of many different businesses in preparing the strategy has proven the benefits of local businesses coming together to solve common problems and identify common opportunities. The strategy is based on:
- Everyone involved in economic activity in the Borough working together,
- Supporting local businesses to start and to grow,
- Attracting new businesses to the Borough, especially those in high value, technologically skilled, industries,
- Making sure Darlington has the right features to keep businesses here.
Since the Economic Strategy was adopted in 2012 the local economy has seen significant growth with over £150 million of physical development. On almost all indices Darlington’s economy outperforms regional and national growth trends. In the four years since Darlington’s economic strategy was created there has been dramatic political change which has inevitably impacted the delivery of the economic strategy including:-
- The Tees Valley devolution deal
- Establishment of a Tees Valley Combined Authority (TVCA)
- Brexit following the UK’s decision to Vote leave in July 2016
- Reduced public funding
- Changing public policy
- Changing global economic conditions such as the oil prices.
The Economic Strategy contains a commitment to annually review and assess progress against the performance targets and in light of up to date business feedback. In addition, this year’s Annual Monitoring Report for the Economic Strategy 2012-2026 reflects these wider political changes which have influenced the targets for delivery for 2016 / 2017. A copy of the Monitoring report is attached below.
Annual Monitoring Report – September 2016 [pdf document]
For more information about economic developments taking place in Darlington please visit the Invest In Darlington website [external link].