Berkshire: LEP to press ahead with economic plan despite Brexit

Peter Read, chairman for Thames Valley Berkshire LEP, said: “It simply has to be business as usual for Thames Valley Berkshire LEP. We must and will press ahead with the implementation of the Strategic Economic Plan (SEP) in order to sustain the economy of the area.

“The local economy is worth over £34 billion to the UK and our SEP is helping it to grow it beyond that. We have the highest proportion of foreign-owned businesses in England. These account for around a quarter of all employment and approaching half the sub region’s overall turnover. Retention of these businesses is more critical than ever, not only to secure their economic contribution but also to sustain the supply chain they share with other, smaller businesses.  

“We’re in the midst of proposing a third Growth Deal with government and it will be essential that government recognises now is the time to invest in a real economic powerhouse. Our track record of delivery means that we are well-placed to offer a Growth Deal that will generate a better – and guaranteed – return on government’s investment than anywhere else in the country.   

“We will also continue to press for early completion of a western rail link to Heathrow and a positive decision on the expansion of the Airport. Now is not the time to ignore such critical issues.”