Our latest surveyed over 600 mid-market business leaders across the UK to gauge their understanding, interest and find out where their priorities lie – here is what we learned.
The message is clear, with business leaders answering that when it comes to the Government’s levelling up agenda they:
Moves to address the regional imbalance of UK economic performance can often result in a debate around the North-South divide in England. The Prime Minister has always been clear that levelling up is much more than this and that it presents opportunities for every part of the UK - our survey supports this.
Business leaders in Scotland were the most enthusiastic of any region in the UK, with 88% believing that the agenda would support local businesses and 86% seeing a role for themselves.
There is a similar story in Wales. While understanding over the aims of levelling up were in line with the UK average, respondents believe that it would support their region, improve local businesses and that they had a role to play were all above average.
When considering levelling up London is not usually front of mind, with the focus on areas deemed ‘left-behind’. The capital, with its high productivity and significant devolved powers, is often overlooked.
Although London may score highly in some respects, it is lower in others. Levelling up is designed to recognise these variations and respond in kind. Business leaders in the capital appear to recognise this and want to play their part too.
Central to levelling up are the 12 ‘national missions’ to be achieved by 2030. These range from improving wellbeing to providing better quality housing. Our research explored which of these missions were most important to local businesses.
The support needed in each region varies greatly with businesses in the North West and South East prioritising improving people’s health, East Midlands businesses prioritising the creation of better paid jobs, and businesses in Yorkshire and the North East and Wales prioritising better digital connectivity.
Overall, the top three priority levelling up missions identified by the UK mid-market are:
Levelling up reaches across much of the UK policy agenda, with the 12 missions’ evidence of its breadth.
Our research suggests that its breadth is a strength – with all 12 missions identified as a top three priority for at least one region. There is no one size fits all approach and levelling up recognises that.
Use the map below to see what we found in your area:
With business clearly on board, what can local leaders do to realise the opportunity?
Our survey results show the variation in business priorities across the UK, with the three national priorities not mirrored in any one region. As the geography gets smaller, the viewpoints will become more specific making it vitally important that local priorities are captured and considered.
Business engagement across local government is changing as the role of Local Enterprise Partnerships shifts. Places need to think about what structures they have in place to listen to what business has to say and respond appropriately.
Growth boards have proved one successful way of doing this – providing opportunities to facilitate conversations around key areas such as skills and land use needs.
As the data shows two of the three main priorities for business leaders are around infrastructure and housing – here are two things you can do in response.
Housing is a priority and local authorities should be exploring all opportunities for accelerating supply including innovative deliver models and private sector partnerships. This work is becoming ever more important in economic uncertain times with pressures on rising costs, security of the supply chain and in recent weeks, increasing cost of capital and volatility in markets.
Find out how we help you build better places to live and work.
Whether it is digital or physical, connectivity is vital to prosperity. You need to ensure local people and businesses are connected to each other and the wider world. Providing affordable and reliable transport and digital connectivity can help unlock significant economic, health and societal benefits.
We can help local authorities meet and understand the expectations of the private sector and deliver on your joint priorities.
