Suffolk Public Sector Leaders Group endorse the Suffolk Economy Strategy

06/12/24
New strategy aims to propel Suffolk’s economic growth and position the county at the forefront of the UK’s green evolution

The Suffolk Public Sector Leaders Group (SPSL), which includes Babergh and Mid Suffolk District Councils, has endorsed the Suffolk Economy Strategy.

A comprehensive plan to propel Suffolk’s economic growth and position the county at the forefront of the UK’s green evolution.

The strategy was developed by the Suffolk Business Board through extensive collaboration and consultation with key stakeholders. 

It aims to build a thriving, inclusive, and sustainable economy that supports local communities and contributes to the national economy.

It is also designed to leverage Suffolk’s strengths in clean energy, agri-food, and logistics, integrating these core sectors with emerging opportunities in technology and innovation.

The hope is to establish Suffolk as an epicentre of clean technology convergence, supporting robust economic growth while ensuring that every resident can benefit.

Key highlights of the strategy:

  • High growth sectors
    Suffolk’s leadership in clean energy, including offshore wind and nuclear projects, positions the county as a national hub for renewable energy.
    The agri-food and drink sector, already significant, is set to expand through sustainable practices and agri-tech innovation.
    Suffolk’s ports and logistics sector also remains a vital gateway for UK trade.
     
  • Emerging and value growth sectors
    Identifies opportunities for expansion in life sciences, ICT and digital creative industries, and financial services, with a focus on integrating these sectors with existing strengths.
    Advanced manufacturing, health and social care, and the visitor economy are also prioritised for enhancing productivity and job quality.
     
  • Tech convergence
    Emphasises the integration of digital, AI, and clean technologies across established industries to drive economic growth.
    Suffolk aims to become a leader in tech convergence, creating a dynamic environment where innovation thrives.
     
  • Infrastructure enhancement
    Prioritises integrated growth planning to develop housing, utilities, and transport infrastructure.
    It includes initiatives for digital connectivity beyond 5G, and key transport improvements, including road and rail upgrades to connect growth corridors effectively.
     
  • Talent development
    To meet the needs of Suffolk’s growing sectors, it outlines a robust framework for skills development.
    It emphasises upskilling, reskilling, and collaboration between businesses and educational institutions to prepare the workforce for future opportunities.

The strategy includes a comprehensive investment plan, aiming to attract £4 of private investment for every £1 of public funding.

Key elements of the plan focus on building a multimillion-pound pipeline of strategic projects to boost productivity, create jobs, and attract global companies to Suffolk.

Mark Pendlington, chair of the Suffolk Business Board, said:

“This strategy is a blueprint for a prosperous and sustainable future.

"It reflects the views of our public and private sector leaders, and underscores Suffolk’s role as a key driver of the UK economy.

"We are committed to building an environment where businesses can thrive, and residents can enjoy improved living standards.

"We are seeking an EPIC Suffolk: Economic Wellbeing, Productive, Inclusive and Clean.”
Councillor Neil MacDonald, chair of the Suffolk Public Sector Leaders Group, added:

“This strategy is a collective effort to ensure Suffolk not only grows but thrives.

"We are committed to harnessing our county’s strengths - from clean energy to digital innovation - to build an economy that is inclusive, resilient, and ready for the future.

"By working together with businesses, educators, and communities, we are laying the foundations for a Suffolk that continues to lead and inspire.”

The Suffolk Public Sector Leaders Group is committed to implementing the strategy, ensuring Suffolk’s economic growth is productive, inclusive, and environmentally sustainable.

This collective effort aims to secure Suffolk’s position as a leader in clean growth, innovation, and community prosperity.

Montage of Sudbury, Hadleigh, Eye and Stowmarket