A coalition of Northern business leaders is stepping up to aid the Government and Metro Mayors in enhancing regional economic growth. Known as True North, this group comprises over 250 organisations, including many thriving, privately-owned businesses. However, despite their success, they have often felt overlooked. Now, they aim to have their voices heard in the devolution process.
True North’s businesses are growing impressively at an average rate of 8.5% annually, outpacing the national average. They are seeking collaboration with government leaders to further boost economic opportunities in the North. By sharing best practices and fostering partnerships, they hope to unlock the region’s full potential.
Devolution and Northern Growth
A group of business leaders from the North have promised to support economic growth through the devolution process. This group, known as True North, includes more than 250 organisations. Many of these businesses are privately owned or owner-managed and are thriving while also contributing to their communities.
True North’s Growth
According to data from the True North network, these Northern businesses are growing at an average rate of 8.5% annually. This growth rate is higher than the national average. True North is pushing for more collaboration with government and metro mayors to continue this positive trend.
Public-Private Partnerships
True North wants to meet with leaders working on the devolution process. They believe that public-private partnerships can help share best practices. This collaboration can also open up new opportunities for investment. The aim is to bring more financial support to the North’s towns and cities.
Working with Open Innovations
True North is teaming up with Open Innovations, a not-for-profit organisation. Together, they are looking for practical solutions to unlock the North’s economic potential. This partnership aims to find ways to support and enhance the region’s businesses.
Leadership of True North
In their letter, the co-chairs said they are pleased with the government’s focus on devolution. They believe moving power away from central government is important for regional growth. However, they also say the public sector alone cannot drive economic growth.
Role of Purpose-Led Businesses
In the past, these businesses have often felt ignored or overlooked. True North aims to give them a voice and a platform to share their ideas and solutions.
A Fresh Perspective on Growth
Engagement with True North can bring new opportunities for innovation and sustainability. The aim is to create a model for fairer growth across the region.
Challenges and Opportunities
These efforts can help address pressing needs such as productivity and prosperity. The ultimate aim is to ensure that the North can contribute significantly to the nation’s overall economic health.
Future Prospects
Collaboration, investment, and innovative thinking are key to achieving these goals. True North is committed to playing a central role in this journey.
The commitment of Northern business leaders to the devolution process signals a promising shift towards inclusive regional growth. By fostering public-private partnerships and innovative collaborations, they aim to transform challenges into opportunities. This concerted effort holds the potential to drive sustainable economic prosperity across the North.
