Regional Economic Strategy
The aim of the strategy is to develop Dumfries and Galloway's economy by making it more diverse and resilient, the strategy is founded on the key principle of addressing inequality through economic growth.
Dumfries and Galloway Council has made the building of the region's economy a priority and worked actively with partners and stakeholders in the development of the Regional Economic Strategy. The Strategy was developed to ensure that the economic priorities for the region are clearly identified and that interventions to support these are prioritised by all Partners involved.
The strategy was adopted by the Economy, Environment and Infrastructure Committee in 2015. An annual Action Plan will be put in place to monitor the delivery of the Strategy.
The economic ambition for our region is to ensure that every member of every community has equality of access to a prosperous future. An economy which is capable of taking advantage of opportunities, by combining an appropriate skilled workforce and connected infrastructure, to support more prospectus and inclusive communities.
The strategy will be delivered by:
- Growing businesses by capitalising on the strength of the regions base to increase productivity and provide the conditions for business growth
- Developing places by empowering the regions communities to address economic challenges and opportunities
- Creating a culture of better skills and opportunity which will retain and attract people of working age and improve the competitiveness for individuals and businesses
- Investing in large investment projects that will impact on the region's economy
- Creating a shared vision and partnership working across the public, private and third sectors along with our providers of further and higher education
Progress towards the achievement of the vision will be monitored through three key measures of success:
- We will have the highest youth employment rate in Scotland by 2020
- Business growth in the region will have grown faster than in Scotland as a whole between2016 and 2020
- We will have reduced the wages gap between the regional and national average by 20%