Our revised economic development strategy continues to be based on our key priorities which are:
- Inward Investment
- Business Growth
- Employability and Skills
- Infrastructure and
- Key Sectors
Our more detailed work plan outlines key activities in order to deliver our strategy.
Our Vision for our district:
Building a Shared Prosperity
The three main objectives identified in the strategy are:
To develop and maintain an in-depth understanding of the Newark and Sherwood economies, business stock and sector strength. This will ensure that all activities and resources available to support our vision are appropriately focussed.
To develop appropriate place marketing to visitors and investors. To achieve this we will work with partners such as Experience Nottinghamshire for Tourism and Invest in Nottingham and UKTI for Inward Investment opportunities.
To plan and support growth for our district. This incorporates a number of areas which the council can directly affect or can exercise influence.
Encouraging new businesses and their supply chain to locate or relocate into this area will be a primary objective for the Economic Growth Team. The Invest Newark and Sherwood website is a small step on our journey. This website has been developed in partnership with the Newark Business Club and with the free support for the design from Benoy – a business that has grown from strength to strength in the local area.
We are also working with our neighbouring local authorities and other organisations that may provide us with opportunities to promote our fantastic offer. We not only have the connectivity, but also the expertise to provide fertile ground for any business looking to thrive in these uncertain times.
This is the beginning of a journey and there are many more actions planned and with your help we can make things happen.
We are well aware that the Banks have been hampered by the need to replenish their balances and this can mean that some businesses no longer meet the loan criteria for the Banks but have the opportunity to grow their business and create jobs in our local area. Our first action has been to create a loan fund for growth businesses - Think BIG and the information about this loan fund is available via the Invest Newark and Sherwood website.
Newark and Sherwood want to help employers recruit people who already have the mindset and skill set that is needed for their business.
We work closely on all aspects of skills and employability and in particular we are supported by a network of partners including the Newark Advertiser, Lincoln College, Vision West Nottinghamshire College, Nottinghamshire Training Network, Nottinghamshire Futures, Newark Business Club, Newark and Sherwood Employer Engagement Group, Derbyshire and Nottinghamshire Chamber of Commerce, Job Centre Plus and the district’s secondary schools.
Newark and Sherwood sits at the heart of England, between the A1 and the M1, on the East Coast Mainline and we are aware of making the most of this when it comes to attracting businesses into the area. We are aware of the positive developments such as the dualling of the A46 and also of the areas where development is still needed such as additional roads/junctions and pinch points on our networks. This provides a flavour of current issues, but by all means not all.
Newark and Sherwood are developing relationships with businesses in the area through a variety of local groups and events, including Business Breakfasts, attending and supporting local Business Clubs as well as specific activities where this is appropriate. We are aware of our strengths as a district and aware of where we need to improve. All activities link in to the other aspects in our strategy such as employability and infrastructure. We need to ensure that the right people can get to work in the right jobs for the right businesses.
We have much to celebrate and be proud of in our district. Some examples include Southwell which is steeped in history including the Minster; Sherwood Forest; Rufford Country Park; Vicar Water; Newark Castle and our developing National Civil War Centre. We have festivals such as the Southwell Folk Festival, the Newark Festival and many themed weekends such as the Jazz Weekend. Our strategy has recently been reviewed and we will be working with our local businesses in order to develop our offer so that more people not only visit our District but stay overnight with us.