Enterprise Ireland has today released it's Northern Powerhouse Report which highlights strong opportunities in construction, life sciences, digital technology and cleantech in the north of England, which is growing faster than any other part of the UK.
The Northern Powerhouse is a UK Government economic initiative to rebalance the UK’s national economy, by maximizing the combined potential of the north of England’s cities and city regions, including Manchester, Liverpool, Newcastle, Sheffield and Tees Valley. If this region was a European country, it would be the 10th largest economy in Europe.
The UK’s Northern Powerhouse is delivering a substantial programme of investment and regeneration to the north of England, with a focus on improving connectivity through improved transport infrastructure between the cities, and supporting economic activities around emerging strengths and capabilities, particularly in science, innovation, advanced manufacturing, digital, energy, life sciences and healthcare.
As a result, the Northern Powerhouse initiative is creating a wide range of opportunities for businesses both within the region and externally.
Speaking at the launch of the report in Dublin today, Enterprise Ireland CEO, Julie Sinnamon said, "The opportunities set out in the Northern Powerhouse report play to the strengths of a large cohort of Irish companies, particularly in the construction, life sciences, and digital sectors along with collaboration on scientific research and innovation projects."
She added, "We have increased our resources in the UK to help exporting Irish companies to navigate and seize the potential, and we will play a central role to support Irish companies to achieve their export potential and a more diversified approach to the UK.”