University unveils five-point economic growth plan for ‘superior digital capability’

Professor Jane Turner
Professor Jane Turner
Professor Jane Turner

With Theresa May announcing her green paper on the UK’s industrial strategy this week, Teesside University has published its own blueprint for boosting business and employment in the Tees Valley – challenging the government to ‘think digital’ and responding to Lord Heseltine’s report on the challenges facing the region’s economy.

The university has unveiled its DigitalCity – Catalyst for Growth vision which sets out a five-point plan for the region to become recognised for “the superior digital capability of its businesses”.

The new report from DigitalCity – a partnership between the University and the Tees Valley Combined Authority which works with both digital and non-digital business to stimulate digital innovation and investment – builds on the recommendations in Lord Heseltine’s Tees report to secure a “strong and sustainable economic future for the Tees Valley”.

It demonstrates the university’s clear plan of action for supporting economic growth and inward investment.

Specifically, the University – through its DigitalCity partnership – will focus on five key areas as a catalyst for growth within the Tees Valley:

1. Creating a new generation of digital businesses – nurturing digital start-ups and providing hubs where they can grow.

2. Supporting the growth of businesses through digital – unlocking the growth potential of traditional businesses through digital innovation.

3. Transforming sectors with digital knowledge – providing businesses with research and expertise to improve their competitiveness.

4. Preparing businesses for Industry 4.0 – helping businesses get ready for the influence of automation and digital supply chains.

5. Growing digital skills and talent – giving people and businesses the digital know-how they need for the future.

In launching the strategy, the university’s Pro Vice-Chancellor for Enterprise and Business Engagement Professor Jane Turner (pictured above) said that DigitalCity “an opportunity for the Tees Valley to put real power behind its ambitious plans for the economy”.

This would include directly supporting Tees Valley targets to increase start-ups by 25% and creating 25,000 jobs by 2025, and helping to close the regional and national digital skills gap which costs the UK £63 billion a year in lost GDP.

“Digital defines the way we do business today,” Professor Turner explained.

“For traditional industries, the extent to which they adapt to digital change is a major factor in deciding whether they succeed, stall or fail in the future. At the same time, digital is the driving force powering the growth of new businesses and new sectors.”

DigitalCity – Catalyst for Growth highlights the impact of the University’s digital work in the Tees Valley and more widely.

And Professor Turner wants to inspire more individuals and businesses to see DigitalCity as their partner for a digital future.

She added: “If we ensure the people who work in the Tees Valley have the digital skills we need for the future, we can grow employment through creating new digital businesses and high-value jobs.

“If we support businesses in building their digital capability, we can help them evolve so they can support the growth of the existing and emerging sectors we need for a strong and productive Tees Valley economy.

“And if we do each of those things well, we have the opportunity to secure a national and international reputation for a Tees Valley digital cluster with cutting-edge digital skills, attracting more businesses to come here and work with us in their supply chains.

“We are already working hard to seize that opportunity by helping businesses prepare for a digital future. DigitalCity is the way we are making that happen.”

DigitalCity supports digital start-ups, helps SMEs who want to use digital to grow, and works with bigger companies to help put digital at the heart of their business.

It is also ramping up efforts to tackle the wider digital challenges that have the potential to hold the UK back regionally and nationally.

Tees Valley Combined Authority managing director Andrew Lewis said: “Teesside University is a driving force behind the digital transformation of the Tees Valley’s economy, playing a vital role in connecting our region to new opportunities and networks.”

James Ramsbotham, chief executive of the North East England Chamber of Commerce, added: “It is clear that Teesside University understands the digital challenge facing businesses in the region and, through DigitalCity, the kind of support they need.”

 

Be the first to comment

Leave a Reply

Your email address will not be published.


*