A new plan to bring jobs and prosperity to the city was approved by Portsmouth City Council at their Full Council meeting on 15th October 2019.
The plan – the city's economic development and regeneration strategy – will enable businesses and organisations in the city to work to a common, agreed goal for the next decade or more.
It was finalised after a year of consultation and research and working with economic experts. Residents, businesses and local organisations were able to give their feedback to ensure the final strategy meets the needs of the city. By having an agreed strategy, the city will be in a stronger position to claim funding from government and regional bodies aimed at boosting economic growth.
The overall aim is to make Portsmouth Britain’s premier waterfront technology and innovation city – a great place to invest, learn, live, work and visit, and the most attractive place for starting, growing or locating a business.
Concerns of residents and businesses that emerged during consultation have been included in the strategy. These include needs for:
- better transport infrastructure and links to London and airports
- an innovation quarter or science park
- new commercial premises
- improved housing
The strategy also focuses on key challenges and opportunities such as:
- strengthening the city's brand and image
- making more of the waterfront
- addressing air quality and climate change
- realising the huge development possibilities at Tipner and Horsea
- improving education and skills
- boosting the creative, cultural and visitor economy
- dealing with the decline of the city centre as a retail centre
The Leader of the Council, Cllr Gerald Vernon-Jackson, said: "The strategy is an important part of our plan for change in the city. It's all about exploiting Portsmouth's unique strengths and assets to boost economic prosperity.
Economic growth isn't an end in itself. It's a way of ensuring that all of our residents have the opportunity for a decent quality of life for themselves and for their children and their children’s children.
We've consulted on this strategy right from the start of the process, in July 2019. By listening to the concerns of residents and businesses we have made sure that this strategy is what the city collectively wants."
Councillor Steve Pitt, Cabinet Member for Culture and City Development, said: "We are now really keen to hear how businesses, organisations and groups in the city could help us to deliver the strategy. By working together we really could deliver fantastic results for the city so we encourage you join us to work together on a shared action plan."
The council will now be working with partners to produce a shared action plan for the city.
To see the strategy go to www.portsmouth.gov.uk and search 'plan for prosperity'.