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CHAMBER NEWS Boosting the opportunities of HS2


Maximising the potential of HS2 in the East Midlands will be the sole focus of a new regional business advisory group. Set up by the Chamber, working


with Strategic Partner Geldards LLP, the HS2 Business Advisory Group aims to ensure the region takes full advantage of the most ambitious rail infrastructure project the country has seen since Victorian times. It has been calculated that HS2


will be worth about £4bn a year to the economy of the East Midlands and South Yorkshire once trains start running in 2032. But between now and then there


will be myriad opportunities for business in the region to capitalise on being involved in a project that is being hailed as transformational for the region. The HS2 Business Advisory


Group has been created to develop asks and activity around how the economic impacts of HS2 can be exploited to greatest advantage and to link opportunities with the wider growth agendas of HS2 in the region. In particular, the group’s work


will focus on how to ensure: • Maximising the economic opportunities of the stations at Toton and Chesterfield


• Ensuring local businesses benefit from the construction and delivery of HS2


• Supporting skills development activity across the region to align with the opportunities created by HS2


• Using HS2 to drive forward a wider long-term vision for growth across the East Midlands.


The creation of a hub station at


Toton, a stop at Chesterfield and a maintenance depot/construction site at Staveley bring with them opportunities for significant infrastructure improvements,


inward investment and regeneration of surrounding communities. These opportunities are in addition to the construction of HS2 itself, with contracts for the development of Phase One from London to Birmingham already being awarded. Chris Hobson, Director of Policy


at the Chamber, said: “It is essential throughout this process that the private sector in the East Midlands maintains a strong influence on the development, ensuring that the opportunities arising from HS2 are maximised to ensure that a vision for a successful East Midlands


26 business network June 2018


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