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Our Strategic Economic Plan sets out our joint vision to transform the Leeds City Region economy by unlocking the potential of the City Region and developing an economic powerhouse that will create jobs and prosperity.
Developing improved transport networks is central to our Strategic Economic Plan, as ensuring that people, places and jobs are better connected is integral to economic growth. Working with its member districts, WYCA delivers large-scale transport and infrastructure projects and manages the transport projects, agreed as part of the Leeds City Region Local Growth Deal, secured in July 2014.
The strategy is based on four interconnected priorities and a central principle of 'good growth'. This means achieving both the right quantity and the right quality of growth; creating a strong, productive and resilient economy where a radical uplift in business competitiveness, productivity and profits goes hand in hand with access to good jobs that pay higher wages, and where all residents have access to opportunity and enjoy improved quality of life. The LEP focuses on growing the economy by supporting businesses in the region to develop and grow, and ensuring that projects are driven by the long term needs of employers and the Leeds City Region economy.
Our Strategic Economic Plan was the base for negotiating the £1billion-plus Local Growth Deal, which was agreed with Government in July 2014. This, along with other sources of funding, is enabling the West Yorkshire Combined Authority and the LEP to start delivering our ambitions to transform the City Region economy.
The Growth Deal will help us to accelerate economic growth across the entire City Region by improving local transport links, accelerating housing growth and town centre regeneration, developing a skilled and flexible workforce, supporting growing businesses and building a resource-efficient City Region.
The Assurance Framework covers capital and significant revenue expenditure funded by Government or local sources and invested by WYCA in projects and programmes, including all Government funding received by the LCR LEP via WYCA as the LCR LEP's accountable body.
We see the Assurance Framework as essential good practice for a partnership that must be trusted by the public and government to take its own investment decisions. This Framework is designed to help us maintain that reputation in the eyes of the government and public.
The LEP produces a regular summary document, showing how the Growth Deal is being implemented. It shows an assessment of the progress on each project in our Growth Deal by rating them red, amber or green on a range of criteria.The summary is published in the minutes for each meeting of the West Yorkshire Combined Authority. The agenda and papers for meetings of the Combined Authority are published under the agenda item ‘Growth Deal Delivery’.Combined Authority meetings