Uni helping map out the region's economic future
A £50,000 project to map out the future economic landscape of the Humber is being carried out by the University of Hull.
From port developments to the burgeoning renewable energy sector, the Humber Economic Futures project will bring together expertise from Hull University Business School and the University's Faculties of Science and Arts and Social Science to consider the potential economic and environmental impact of a wide range of industries.
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STUDY: Professor Chee Yew Wong at Hull University Business School. Picture: Simon Renilson
Using a wide-ranging survey of current trends and developments, the aim of the project is to support the region's businesses and communities, establishing strategies that would generate the right skills, education, business support and environmental policies to allow the Humber's economy and environment to flourish.
Prof David Grant of Hull University Business School said: "As proposals to establish a major offshore wind turbine manufacturing facility in Hull gain momentum, these are exciting times for the Humber region.
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"But there is more to the region's future economic prosperity than wind turbines. The region is poised to capitalise on growth in a number of other renewable energy projects, from bio-fuels to tidal power.
"Our aim is to take a holistic view of all the major enterprises that are taking root around the Humber and try to show how they can reach their potential while ensuring developers fulfil social and environmental responsibilities."
Professor Chee Wong, of Hull University Business School, said: "We are carrying out the research so we can contribute to the region, gaining the maximum economic benefit and new employment through the opportunities in renewables.
"Critical issues and barriers will be identified with associated recommendations so stakeholders can work together to allow the region to thrive in this new sector."
The project began by establishing a baseline measure of the region's current economic performance.
Researchers will now look at the anticipated impact of major developments in the port and renewable energy sectors before assessing how future developments can meet the requirements for sustainable economic development.
They are due to report their findings to a group of stakeholders next month before making them available to the public via the university's website.
The research team is working closely with key stakeholders in the region, in particular the Humber Local Enterprise Partnership.
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