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Where recovery will be made

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THE key sectors of the economy D2N2 is hoping to develop:

Transport equipment manufacturing

Largely aimed at Rolls-Royce, Toyota, Bombardier and their suppliers in Derbyshire.

Medical/bio-science.

This covers firms that supply goods and services related to human health and medical care such as Alliance Boots, MediCity and other developments on its site at Beeston, BioCity a nationally important buisness centre for growing science firms where Sygnature Discovery has demonstrated rapid growth.

These will be nurtured by attracting talent and investment from London and the south east, bringing the MediPark site next to the Queen's Medical Centre, into use for private sector-businesses which need to be next to a major research hospital.

Food and drink manufacturing

A sector important to Newark and Sherwood, Bassetlaw and Amber Valley districts. The sector accounts for 3.8 % of gross value added (GVA).

Construction

It accounts for 8.7% of GVA in the D2N2 area, as well as large construction firms, the sector includes quarries and gravel extraction.

Visitor economy

This covers activities directly associated with tourism such as hotels and restaurants. D2N2 has commissioned a report to assess the viability, economic impact and financial delivery options for a long list of new and proposed "anchor attractions". D2N2 will work with Experience Nottinghamshire and others to promote a coordinated major events programme.

Low-carbon goods/services

The sector accounted for a third of total economic growth in the UK in 2011/12. Worth £122 billion nationally and growing at four to five per cent a year throughout the downturn in the economy. A further 400,000 jobs are expected to be created nationally by 2020.

About 800 could be created in Nottingham over the next four years and another 1,480 between 2017-2021.

With firms such as Changan, Chinnock Sciences, Strawson Energy, Alkane Energy and Lindhurst Innovation Engineers, D2N2 believes low-carbon is a priority sector.


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