FEATURE
MADE IN THE EAST MIDLANDS
HS2 Strategy details jobs and economic growth opportunities
‘People, place and connectivity’ are the focus of a new East Midlands HS2 Growth Strategy, revealing how the planned high- speed rail network could add thousands of jobs and billions of pounds to the region’s economy. The Government confirmed in
July its preferred route for HS2’s ‘Phase 2b’ line, or ‘eastern leg’, proposed to run from the West Midlands, through Nottinghamshire and Derbyshire – between the large urban conurbations of Nottingham and Derby – through to Leeds. The line includes plans for an
East Midlands ‘hub’ station at Toton, set to be the network’s best- connected point outside London. It also proposes an HS2
maintenance depot at Staveley, near Chesterfield, and provision for HS2 trains to serve Chesterfield station.
It’s estimated this eastern leg
would open fully in 2033, but local partners believe there’s potential to partially open the hub station at Toton by 2030. Now the East Midlands HS2
Strategic Board – a partnership of the region’s local authorities, businesses and Local Enterprise Partnerships – has submitted its East Midlands HS2 Growth Strategy: World Class-Locally Driven to Government. The new in-depth study –
building on an initial proposal published September 2016 – details the opportunities HS2 presents to drive long-term growth for the regional economy, equivalent to an additional 74,000 jobs and almost £4bn of GVA (Gross Value Added) by 2043, and how this could be achieved.
Opportunities include:
AN EAST MIDLANDS HUB GROWTH ZONE Featuring a new Innovation Campus at the Toton hub to accommodate high growth businesses and universities' research, and with the capacity to create up to 10,000 high-skilled jobs and improved community facilities which will be at the heart of a network of garden village developments including the nearby Stanton and Chetwynd Barracks sites.
GREATER CONNECTIVITY In addition to the greater rail connectivity HS2 would bring, the Strategy proposes improvements to local connectivity using various modes of transport including road, bus, rail, tram, cycling and pedestrian between East Midlands economic centres such as Derby, Leicester and Nottingham city centres and East Midlands Airport and between the towns and villages surrounding Toton and Chesterfield.
DELIVERING JOBS AND TRAINING OPPORTUNITIES Research undertaken for the East Midlands HS2 Growth Strategy indicates HS2's presence in the region will create better links within the region and between it and the wider world. It could also provide commercial opportunities for local supply chains and could boost jobs growth above projected UK trends equivalent to an extra 74,000 jobs and almost £4bn of GVA by 2043. Manufacturing and technology sectors would particularly benefit, says
the Strategy. It proposes jobs and skills promotion be based around the themes of inspiring young people, building further education capacity, harnessing the power of universities and supporting individuals.
PROVIDING OPPORTUNITIES FOR BUSINESS Construction of the HS2 network and providing services and maintenance once it is operating represent major commercial opportunities for a wide range of sectors including construction and transport equipment manufacturing.
46 business network December 2017/January 2018
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