Economic Action Plan
During 2007 ACSEF embarked on a journey to engage the private sector more fully in setting out the economic vision and priorities for the future of the Region. Following consultation with over 100 business leaders and the subsequent summit event, Building on Energy – the Economic Manifesto launched in August 2007 - was the initial outcome of this activity. The document set three elements: an ambitious Vision for 2025; two overarching aims of Quality of Life and Economic Growth; and seven Strategic Priorities which will help deliver the vision.
View “Building on Energy – The Economic Manifesto for Aberdeen City and Shire”
Since that time engagement with the private sector has continued through to the development of the Economic Action Plan - launched in June 2008 - that lays out the groundwork to realise the long term economic vision.
View “The Economic Action Plan for Aberdeen City and Shire”
ACSEF held a review of each of its strategic priorities in the first few months of 2009 in order to monitor progress, check the vaildity of actions and allow the opportunity for discussion on the future direction of the action plan. The outputs of these sessions can be viewed at the link below:
ACSEF Strategic Priority Workgroup outputs
Vision
“We aim by 2025, for Aberdeen City and Shire to be recognised as one of the most robust and resilient economies in Europe with a reputation for opportunity, enterprise and inventiveness that will attract and retain world-class talent of all ages.
The location of choice for high value oil and gas and renewable energy organisations, and a first choice for organisation of all sizes operating in other high value, quality niche markets.
Our environment, our accessibility and our hospitality will make Aberdeen City and Shire one of the most interesting and enjoyable locations in the UK, in which to visit, live, work and grow up.”
Aims
A strong economy and maintaining an excellent quality of life are core to the Vision.
We want to be one of the most successful regional economies in Europe and top of the Quality of Life “league table”, making Aberdeen City and Shire a place where people choose to work, live, study and visit.
These two key aims will provide the benchmarks and targets which will allow us to measure progress over time.
Economic growth can be quantified in terms of economic output, Gross Value Add (GVA) per capita. We have therefore set a target of improving the Region’s position within the top 15 EU Regions by achieving a growth rate of 2.5% per annum.
Quality of Life is determined by having an active and successful economy and living in a great place with excellent education, leisure, transport, planning, housing, medical facilities, and strong, safe communities. ACSEF is in the process of undertaking research to identify how to benchmark the area.
Strategic Priorities
· Deliver a fully integrated transport network
· Maximise our intellectual capital – people and expertise
· Deliver city centre redevelopment
· Anchor the oil and gas industry
· Attract and develop skilled people
· Improve the efficiency of planning decision making
· Aberdeen City and Shire as the location of choice of company headquarters