News story

Long term economic plan for Yorkshire and North Lincolnshire

This news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

The long-term economic plan for Yorkshire and North Lincolnshire will be set out today by the Prime Minister and Chancellor.

The Prime Minister and Chancellor will be speaking to business leaders in Leeds today before visiting businesses across Yorkshire to set out the long-term economic plan for Yorkshire and North Lincolnshire.

Highlighting what has been delivered and what is underway as part of the ongoing work to build a Northern Powerhouse, the Prime Minister and the Chancellor will also talk about what more can be done across the region. This will include getting 100,000 more people across the region into work by 2020, improving transport connectivity, and backing science, local tech start-ups and creative industries.

Since 2010, employment is up by over 100,000 across the region, over a quarter of a million apprenticeships have been started and there are 22,000 more small businesses. The Prime Minister and the Chancellor will be talking about how to build on this.

Prime Minister David Cameron said:

Our long-term economic plan for Yorkshire and northern Lincolnshire, which will create more jobs and financial security for hard-working people across the region, is a key part of our work to build a Northern Powerhouse that can take on the world. The north is growing and by ensuring we have world-class infrastructure, backing business and supporting the industries of the future, we are determined to go even further.

Chancellor of the Exchequer George Osborne said:

We want a truly national economic recovery. The evidence is that this is happening. Yorkshire is growing and creating jobs and on many measures doing so more quickly than the rest of the country. Now we need to sustain this and remove the decades old north and south divide. That is why the Prime Minister and I are here today setting out how we will build a Northern Powerhouse. Our long term economic plan for Yorkshire and northern Lincolnshire will create 100,000 new jobs, boost the region’s growth by up to £13 billion and significantly improve the quality of life.