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Economic Strategies In Derbyshire For Business Growth

Tuesday 31st August 2021


Derbyshire is famous for a number of reasons; if you're an avid walker, then the Peak District National Park is sure to be right up your alley.

If you're a foodie, then you're likely to try out the famous Derbyshire oatcake and if you're a history aficionado, then towns like Matlock and Buxton will certainly fill your rice bowl.

If one were to try and consolidate the matter, then an argument could be made that Derbyshire is most famous for its stunning country houses and estates.

This is not to imply that industry hasn’t played its role, in fact in terms of economic activity, Derbyshire sports quite an array of industries ranging from international corporations supported by a robust entrepreneurial culture to thriving SME's.

Key Economic Sectors

  • Advanced Manufacturing
  • Creative & Digital
  • Food & Drink
  • Logistics
  • Minerals & Aggregates
  • Textiles
  • R&D
  • Tourism

As is clearly apparent, the majority of the industries in Derbyshire operate within the confines of bricks and mortar.

The physical layout of the economy is what for the longest time has served Derbyshire. However, in recent times there has been an online revolution and it's been bolstered by the global health situation of the last year and a half.

Pitching in to help further the cause of the online revolution is the Chesterfield Digital High Street Project and Derbyshire Economic Strategy Statement (DESS).

The Chesterfield Digital High Street Project

The Chesterfield Digital High Street project is there to help traditional bricks and mortar businesses adapt to the modernity's of the internet and to promote growth by encouraging potential investors to buy shares in smaller businesses.

The project is there to help these businesses set up highly-visible e-commerce websites furnished with all the bells and whistles designed to make them competitive and lucrative.

Online, these businesses will be able to accept the latest forms of payments such as Google and Apple Pay while also sporting modern-day online shopping processes like 'click and collect'.

With funding from the Chesterfield Borough Council, and in partnership with the East Midlands Chamber, the project aspires to support small businesses and startups in the sectors of leisure, hospitality and retail – those hardest hit by all the lockdown restrictions. Ultimately, business resilience is the main aim.

The Derbyshire Economic Strategy Statement: The Focus

Collaboration is key as far as the DESS is concerned. Through collaboration Derbyshire will prove its significance as a vital economic player.

Conditions are already ripe; to date the Country generates an economic output of over £10 billion, maintains higher than average employment rates and has good business survival rates.

The County also houses major international brands such as Sports Direct and Toyota. The economy doesn’t need to be overhauled, instead, according to the DESS, key to long-term survival and success would be outfitting traditional industries with the proper infrastructure to see them into the future.

In the past, indigenous businesses have weathered the storms of economic recessions and industrial downturns, which have only made Derbyshire’s business base expand each time.

Derbyshire overlooks none of its businesses, considering all to be assets vital to its economic growth. It’s incubation attributes are backed up by startups, micro-businesses and SME’s, all of which grow its economy.

Combined with an educated workforce, a good quality of life and sites and premises to facilitate business growth, Derbyshire has what it takes to fuel sustained growth.

The DESS intends to fully capitalise on these established cornerstones and to thus reinforce Derbyshire’s status as a big player in the regional economy.

 

 

 

 

 

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