Capacity Building An inherent part of the economic strategy is the building of capacity to enable effective implementation and to respond to emerging challenges. There is a need to ensure we have sufficient capacity in our Region to bid for and win competitive bids for funding and to be ready to address potential risks to our economy.
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Economic Opportunities and Choice for all our Citizens It is an objective to further strengthen our higher education and further education and training sector, research, development and innovation capacity, the initiatives of the Regional Skills Forums and Life Long Learning to match the diverse skills of our people with a choice of employment opportunities for all and to attract and retain a skilled labour force within our Region.
Resilient, Inclusive and Sustainable economic growth
Withchallenges suchasBrexit, trade warsandunexpected shocks, it is important to be ready to act accordingly.
The ability to develop, nurture, retain and attract talent is critical and education and training institutions are needed to develop our people’s skills and talent. The establishment of a Learning Region will build our citizen’s skills base to succeed in life and business, which is critical to securing greater economic resilience (see Chaper 7).
4.3 | Profile This section highlights the strengths and opportunities of the Region and outlines our employment and enterprise base. Strengths and Opportunities for the Region TheRegion enjoys a balanced distribution of cities and key towns, which enables smaller settlements to access largermarkets and the higher-level functions provided by larger urban centres. This balanced distribution offers an attractive enterprise location proposition given significant concentrations of businesses and varied enterprise base, access and connectivity to national and international markets, and available skills and talent. Nevertheless, our cities face capacity constraints such as housing shortages and significant infrastructure deficiencies. They display significant strength, hosting companies of significant scale in manufacturing and services, technology and pharmaceutical sectors. Strong concentrations of foreign and indigenous companies are also located across the Region in a variety of sectors.. Regional Context: Jobs and enterprise base profile Manufacturing has specific requirements for the transportation of goods to markets. In the case of the services sector, quality of life and placemaking are particularly important in attracting and retaining the talent needed to operate and succeed. Graph 4.1 profiles the economic composition for each sub-region and local authority area.
Southern Regional Assembly | RSES
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