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Enterprise Partnership shares its economic intelligence
Key intelligence gathered by the York, North Yorkshire and East Riding Local Enterprise Partnership is being posted online to help businesses deal with changing economic challenges.
In anticipation of official figures on economic growth for the first quarter of 2012, the partnership has produced an infographic which examines the question:
Recession or recovery? Using a variety of sources, the infographic weighs the balance between positive and negative indicators of growth. In publishing the infographic, the partnership is signalling a new approach to sharing its economic intelligence.
Barry Dodd, LEP chairman, said: "A key part of our work is keeping our finger on the pulse of the economy. Our board members are briefed on the latest economic indications before each meeting and the team collates a wide range of economic intelligence. We want to help our business community stay one step ahead of the game, by making this available in a more accessible format. Working in this way is a prime example of how our public private partnership is ideally placed to benefit local businesses."
The infographic is the first in a series providing further insights into different aspects of the local national and global economy.
James Farrar, the partnership's chief operating officer, said: "As much as anything we want these to provide a discussion. We'd like to hear what local businesses think of the economic situation, as well as suggestions for other infographics and what other information we can make available to them.
"This information could be used to help develop a more robust business case, or to support a bid for funding such as the Regional Growth Fund. The infographics represent the tip of the information iceberg. The team is able to drill down into the individual data sources to provide additional insight, which is what we'll be doing in the coming year."
View the infographic on the partnership website and join in the debate on their Linkedin group.
24 April 2012