Business

New plan to drive ‘cleaner, greener, fairer’ Hull economy unveiled

A five-year strategy that aims to transform the economy in Hull has been unveiled.

City council leaders were joined with representatives of the public and private sectors at the new Arco HQ in the city for the launch of Hull’s Economic Strategy 2021-2026 – Inclusive, Sustainable, Local.

The new document follows previous plans which have brought thousands of jobs and around £3.5bn of private sector investment to the city.

Read more : Humber leads in low carbon

It concentrates on helping the city recover from the pandemic and then on building on Hull’s industrial strengths to provide a greener and fairer economy.

City council leader Daren Hale said: “Hull is an unashamedly ambitious city and this strategy reflects that ambition. Our economic strategy will build on Hull’s successes and capitalise on its strengths; creating a shared vision for the city to own and collectively deliver.”

The strategy was launched in the new headquarters of Hull-based safety equipment company Arco, whose relocation to the Fruit Market area is a major part of the long-term vision for the city centre’s regeneration and investment.

Company chairman Thomas Martin, who also chairs Hull’s business leadership board, was at the strategy launch.

He said: “This strategy is for the city, its people, anchor institutions, and businesses to own and deliver. Working together we can produce a regional hub for high skills, high productivity, and economic growth where businesses, people and place come together to create clean and sustainable prosperity.”

The new strategy includes plans to improve employment and skill levels, particularly for women, young people and minority communities, who have been disproportionately affected by the Covid pandemic.

It also aims to build on the Humber area’s growing reputation in the low carbon sector, and continue the push for improved connectivity and transport links.

Coun Hale added: “Our economic strategy aims are to create a fairer, more inclusive economic growth for all our residents and businesses. To deliver a growing and resilient city, creating and sustaining thousands of jobs. And providing a better future for all the people of Hull.

“Hull will be a place where everyone matters and all our communities have the opportunity to benefit from sustainable economic growth. In delivering the vision for this strategy, Hull seeks to not only exceed previous employment, productivity, and growth levels, but do so in a way with less impact on the environment, become more inclusive for all, and a great place to invest and do business.”

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