Productive and Innovative Economy in York and North Yorkshire
York and North Yorkshire business and economy is anchored by a robust base of micro-businesses that achieve success through incremental innovations. Local assets, such as research centres and academic institutions, play a critical role in supporting businesses to improve efficiency, adopt new technologies, and access new markets. This collaboration helps local enterprises grow and stay competitive both regionally and globally.
Sector Strengths
Key sectors, including tourism and agriculture, thrive thanks to the region’s unique geography and rich heritage. Tourism is a major contributor, supported by some of the UK’s top visitor attractions, while agriculture plays a significant role, with a presence larger than the national average. Strengthening these industries through innovation and partnerships will be essential in enabling them to compete on an international stage and increase their global market share.
Building Business Resilience and Competing Globally
While York and North Yorkshire boast strong business survival rates, emerging global challenges such as climate change and increased competition in the economy require new approaches. By embracing circular economy practices, businesses can adapt to these changes, build resilience, and seize opportunities within the global economy. Supporting businesses in expanding exports, attracting inward investment, and leading in green and digital sectors is essential to maintaining a competitive edge internationally.
Our Focus
- Foster collaboration between academic institutions and businesses.
- Support small, medium and micro-businesses in adopting innovative practices.
- Improve productivity in key sectors, such as tourism and agriculture.
- Build climate resilience in businesses to ensure long-term success.
- Help businesses access and compete in the global economy.
