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Economic Development Strategy

Economic Development Strategy - (referred to in planning documents as BEDS)

Broxbourne Council has produced an Economic Development Strategy to cover the period 2010-2013 following a public consultation exercise in autumn 2009.

The strategy sets out public agencies’ support for the development of the local economy. It is published in two parts. The first section describes the suggested objectives for the local economy, the actions to be taken to achieve them and targets against which success will be measured. Progress against the previous strategy is also reviewed. Information on recent developments in the local economy and the socio-economic profile of the Borough are contained in a set of appendices with a glossary and bibliography.

This strategy links to the Sustainable Community Strategy for Broxbourne, which is currently being consulted on in draft form, and provides one of the overarching frameworks under which this strategy fits.

Since the Council’s last Economic Development Strategy was published in 2006, two key employment sites of regional importance have been developed at Park Plaza at junction 25 of the M25 in Waltham Cross (see map on the left) and Essex Road in north east Hoddesdon (see map on the right). These sites have provided a total of over 1,000 jobs between them. However, the strategy reveals the need to widen the local economic base and strengthen the skill levels of the local population. It contains an action plan with aims and objectives for local economic development and the agencies and means through which they are to be achieved.

The document can be downloaded from the related links section on the right of the page and it is also available from Council one stop shops. For more information, please call 01992 785592 or email nn.comms@broxbourne.gov.uk.

The half-yearly action plans will also appear in the related links section.