A New Way of Working
The Northern Powerhouse Independent Economic Review (NPIER), launched in 2016, argues that the North’s economy has the potential to generate an additional £97bn Gross Value Added (GVA) and an additional 850,000 jobs by 2050, if the right investment and focus is put into the North’s core capabilities and the infrastructure is there to support them.
The NP11 is working together to seize the opportunity of a northern economy that is an overall contributor to national economic growth, creating opportunities for everyone to enjoy a good life while also acting as a powerful economic centre. The North has economic strengths in high-value, high-tech industries. Its four prime capabilities are ‘international-class’ clusters of sectoral, academic, occupational and infrastructural strengths.
Our ambition is to use these strengths to attract further investment and boost exports. That is why we are working with partners across the North including Government, especially the Department for International Trade, to develop a Northern Powerhouse Trade and Investment Leadership Board so that the North is able to take ownership and leadership of this agenda.