Ready for the rise of the regions? Levelling up in the new economy

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Ready for the rise of the regions? Levelling up in the new economy

At the time of writing, the @Telegraph is reporting on the eviction of Extinction Rebellion protestors from a 100 ft network of tunnels underneath Euston Station. The activists, protesting against the environmental impact of the new HS2 railway network, are likely to be dealt with swiftly but the UK government’s flagship infrastructure project faces plenty of additional threats to its grand ambitions.

Earlier this month, The National Infrastructure Commission suggested downgrading plans for a new high speed line across the Pennines, to be called Northern Powerhouse Rail, and said existing rail lines could be improved instead.

This was met with consternation from regional leaders, who are fighting for the physical and digital infrastructure investments that will enable their cities and regions to become more attractive places in which to live, work and invest.

If the UK economy is to bounce back better and stronger as we emerge from the shadows of both Brexit and Covid, there must be a concerted effort to tackle current regional inequalities. With @CityAM this week reporting on @Savills data citing ongoing migration from London and an upsurge in regional house sales, there has never been a better time to focus on levelling up.

Strong regional economies, distinct from, but connected to, the global powerhouse of London, are vital to improving quality of life and economic prospects throughout the UK and from which the whole country can benefit.

Simon Stretch. Account Director. Innesco

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