Economic Development Strategy 2012-2017

1. Overview

Led by Stockport Economic Alliance, the strategy has at its heart a vision for Stockport to:

“Build on its position as a growth economy in Greater Manchester. Connect its residents and businesses to more opportunities. Provide an ideal environment to start, grow and locate a business."

Stockport’s Economic Development Strategy forms the blueprint for the prioritisation of economic development initiatives in Stockport.

The strategy was given a five year life, from 2012 to 2017. It was developed as a result of consultation with key stakeholders during 2011.
It plans to continue building Stockport as a thriving business location. A new plan for 2018 – 2023 is currently being developed.

Stockport has a successful and diverse economy with an impressive array of businesses. It has proven itself to be a town in which companies can grow and flourish.

Stockport’s Economic Development Strategy seeks to ensure that we continue to build on these strengths. At the same time, addressing any challenges that may impact on future development.

In order to achieve this, the strategy is organised around three central themes on which activity has been focused;

Business – This theme considers the role of business in the economy. Also how existing activity can be developed to ensure future economic growth. This includes; how to support and grow a high value/high growth business base. Also how to support enterprise and inward investment.
As well as ensuring sustainable development and maximising Stockport’s position within Greater Manchester.

Place – Stockport’s buildings and infrastructure are crucial for meeting the needs of a growing and changing business base. It focuses on the need to raise the profile and potential of Stockport as a business destination. As well as improving the quality of the town centre and promote sites with strategic development potential.

This theme also considers enablers of growth such as communications and transport networks, and housing.

People – The quality of skills held by Stockport’s resident population is a major asset to Stockport’s economy. The development of skills needs to continue across all sectors of the population. This is to ensure all residents have an opportunity to access employment.

This theme concentrates on harnessing and supporting the existing skilled population to enable growth. At the same time improving the economic and life chances of its residents facing economic inequalities.

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