A global economy
Create good economic growth through development of our high potential growth sectors, whilst establishing York and North Yorkshire as a global leader
Growth should be encouraged in sectors that will create better paid, more sustainable, future focussed jobs and opportunities for our residents. By driving innovation within these sectors, the subregion also has an opportunity to operate on a global stage, going beyond expectations of how people perceive York and North Yorkshire,
The high potential growth sectors includes:
- Industrial biotechnology with subsector expertise and focus areas to include: high value bio-renewables/low value, high volume bio-renewables; biorefining, waste valorisation.
- Manufacturing specialisms in food and drink, bus and transport innovation, engineering, future materials and processes.
- Agritech includes any science-based, technology-based, or practice used to improve productivity and sustainability of agriculture, horticulture, aquaculture, and forestry.
- Creative and digital specialisms within: creative innovation & research (for example heritage tech); digital transformation; and AI and safe autonomy.
- Healthy ageing is a focus due to our ageing population and the opportunity to be part of the whole Northern Life Science and Health cluster.
- Rail subsector priorities include: digital rail/signaling; train operating companies; infrastructure maintenance; civil engineering consultancy; electrification; green rail technology.
Build on global recognition to increase investment and export capabilities of our businesses
Inward investment, from foreign and indigenous businesses, can make a significant contribution to a local economy, from job creation and wages to productivity gains and encourage innovation and R&D. To increase this and build on the global brand recognition of our places and products, the subregion needs to be promoted as a destination for people to invest, do business, live, work, study and visit. Place branding and recognition also plays an important role in developing export opportunities and trust in our products and services.
Maximise the opportunities from major site development
York and North Yorkshire is a world-class place to live and work, so major developments and the creation of high-quality workspace in the subregion often bring new exciting businesses and sectors to the area. This is one of the main drivers for investments such as York Central and along the A1 corridor and in Selby.
To find out more, including how to contact any of our sector managers, visit our Invest in York and North Yorkshire page.
Our focus will be to…
- Develop our high growth potential sectors
- Utilise our research strengths to support our growing sectors
- Increase the export capabilities of our businesses
- Attract new businesses and sectors through our development sites