Northern Powerhouse investment in key industries could create 850k jobs in North
on July 29, 2016, posted in The North categories
A report commissioned by Transport for the North estimates that up to 850,000 jobs could be created in the North by 2050 if enough investment is made in the right industries and infrastructure projects. The Northern Powerhouse Independent Economic Review highlights the four “key” areas which can provide the “financial security” needed to develop the Northern Powerhouse: digital technologies, health innovation, energy and advanced manufacturing. These industries already account directly for 30% of the North’s jobs and 35% of its GVA. The Chair of Transport for the North, John Cridland, says that the review “will be fundamental for future planning. Central to powering the North’s future economy will be an efficient high capacity transport network capable of fully mobilising the workforce between the North’s key economic heartlands”.