Since the launch of the last Regional Economic Strategy (RES) in 2003, England’s Northwest has
made significant progress. During this time, the Agency has done much to provide economic
leadership and I am pleased to introduce this publication that outlines our most notable
achievements in 2005/6.
2005/06 was a critical year for the NWDA as the Agency was one of the first Regional
Development Agencies to be assessed by the National Audit Office (NAO). I am delighted that the
NWDA was awarded the highest ranking possible, ‘Performing Strongly’. The assessment
recognised key strengths of the Agency, including the very high quality and commitment of staff,
strong partnership working, effective leadership ability, strong financial control and excellent
record of achieving outputs. The assessment also included an improvement plan for the Agency
that will be a focus for activity throughout 2006/7.
The NAO also praised the review and development of the new Regional Economic Strategy (RES)
which was one of the most significant events in 2005/6. The quality of debate throughout the
consultation period was impressive and has led to a clearly prioritised strategy based on a strong
understanding of the challenges before us and the actions that are needed to deliver a dynamic,
international economy.
By prioritising specific areas which will have the greatest impact on our economy, this is our most
focused RES yet. All of the 122 actions listed are important, but for the first time, 45 of these are
designated as transformational actions that the region must prioritise to drive growth.
Transformational actions will dominate the Agency’s own priorities for 2006/7. The Agency has
set itself a core set of strategic objectives to deliver its contribution to the RES including providing
leadership on major policy issues, improving its operating structures and delivering
transformational projects with partners.
One such project is the creation of a Media Enterprise Zone linked to the BBC relocation. This is
not just about the BBC moving to Greater Manchester, it offers real opportunities for all those
involved in the creative industries across the region by significantly expanding this region as an
internationally competitive media hub.
In Business Support, the development of the future Business Link service in 2006/7 is critical to
enable the region to compete in the global marketplace. Similarly, supporting major research
concentrations and exploiting our world-class science base will ensure that the region is at the
forefront of innovation and offer opportunities for businesses across the region.