The Business and Enterprise Framework will focus on supporting the private sector to improve the county’s economy as a whole. Created by the County Durham Economic Partnership (CDEP), it aims to create an online portal that the private sector, and organisations which support it, can use to maximise resources to add further value and productivity. In doing so, the CDEP hopes to help increase the number and quality of jobs, improve access to the market and encourage more innovation across the county.
Set up in 1994, the CDEP is the strategic partnership for regeneration and economic development in County Durham, comprising over 60 public, private and voluntary sector organisations, including the council.
Analysis has been carried out to identify eight specific industrial sectors across the county as well as mapping to determine geographical clusters of businesses and employment hotspots. Alongside work to recognise competencies that are key to the sector, such as financial awareness and management skills, this will allow the information and resources made available online to be specifically tailored to the needs of the private sector.
Cllr Neil Foster, Cabinet member for economic regeneration, said: “The new Business and Enterprise Framework is taking an innovative approach with the aim of creating more and better jobs for the people of County Durham.
“Historically the county has had a smaller private sector than the rest of the country so by providing an online resource specifically targeted at supporting the sector we hope we can not only create jobs and add value to those that already exist, but improve the economy for everyone.”
Cabinet will be updated on the work carried out on the Business and Enterprise Framework and be asked to endorse the creation of the portal when they meet at County Hall at 10am on Wednesday, 14 November.