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Help shape Hertfordshire's Economic Future

Hertfordshire Futures is creating a new Economic Strategy for the county for the next 10 years and beyond. This will build on the past legacy of success and plan ahead for the next decade of growth. For the strategy to be successful, we want to ensure it is representative of local views. We are placing residents and businesses at the heart of plans to build a more inclusive and sustainable economy in collaboration with a diverse range of stakeholders.

The economy matters to the many not the few – that is why we want to engage with a broad range of organisations and representative groups to ensure that the new economic strategy reflects your views. We are seeking to engage in a number of ways in order for us to find out the issues that matter most to you.  

What’s Happening When 

Here is a quick overview of the types of activity taking place over the next few months 

July - August 

Hertfordshire Futures and Economic Strategy launch event  

MP engagement  

In-person briefings 

Survey 

September October 

Stakeholder meetings skills and employment; enterprise and innovation; sectors and investment 

Place-based workshops 

Business and sector-focused roundtables  

November-December 

Statutory consultation period  

Formal adoption  

Economic Strategy Launch  

Economic Dashboard 2024

This strategy will be informed by evidence – the dashboard provides a rich source of live data to build up a picture of how the Hertfordshire economy is performing compared to other regions.   

FAQs

It has been 11 years since the publication of Perfectly Placed for Business, Hertfordshire’s Strategic Economic Plan (SEP) which set the blueprint for growth for the next decade and was last revised in 2019. Its vision to become one of the leading UK economies by 2030 was underpinned by these key priorities: * Maintaining global excellence in science and technology * Harnessing our relationships with London (& elsewhere) * Reinvigorating our places for the 21st Century * Foundations for growth Since then, significant progress has been made and the plan secured considerable private and public sector investment in Hertfordshire. In less than 10 years, GVA has grown by £10bn, generating over £42bn a year. Huge global pressures have also had an impact on the local economy with COVID, UK’s departure from the European Union, war in Ukraine and the Middle East, and a cost of living crisis. Changes to the wider political landscape on both a local and national level, and a new UK Government means that the time is right to develop a new economic strategy and help plan ahead for future growth.
The engagement will build on existing insight and also go deeper and broader than before by seeking out a wide range of views. The development of the economic strategy will not be in isolation but seen alongside other countywide plans. As part of the engagement, we will be holding a series of interviews and discussions with key partners, hold online public surveys and business roundtables to help set out our priorities. This work will build on the rich data amassed over the past 10 years, the previous Strategic Economic Plan, draft Local Industrial Strategy and Recovery Plan, acknowledging the current strengths and challenges of the economy.
There are no public meetings planned during the engagement process, but there are a number of ways the public will be kept informed and can get involved. The website will be the central hub for developing the evidence base, accessing key documents and viewing feedback reports. We will be running a number of surveys via social media using the #ShapingHertsFuture. The draft economic strategy will also go out for public consultation ahead of its final publication.
This is an important part of the development and delivery of the emerging strategy. Local skills initiatives bring together employers, education, and training providers and other local stakeholders to set out the key priorities and changes needed. This will ensure post-16 technical education and training prepares employees better for work. In addition Hertfordshire Careers Hub enables greater collaboration between clusters of schools by linking Careers Leaders, Enterprise Advisers and our Cornerstone Employer Group (a network of local businesses).
• Businesses • Government bodies and Local Authorities • MPs • Strategic/Place Partnerships: • Education and Employer Groups • Major Transport Providers • Environmental Groups: • Investors and Developers • Health, Police and other agencies • Voluntary and Community Groups • Residents • Professional/Civic Bodies • Media

Key Dates

Econ Strat Timeline V1

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