The Inclusive Economy Strategy will help us secure a strong recovery following the COVID-19 pandemic, as well as reforming our economy to be more inclusive and sustainable so that everyone in Luton can benefit from economic growth and opportunities in the town.
The Inclusive Economy board is the strategic partnership board driving the Inclusive Economy strategy with representatives from private sector businesses and public, voluntary and community organisations.
The Inclusive Economy board are currently delivering on Luton’s Economic recovery strategy with a long-term focus on reforming our local economy. The board will work with everyone in the town to ensure sustainable growth in key sectors, creating more well-paid jobs and enhancing the skills of our residents.
The Luton 2020-2040 vision includes the following strategic priority:
Securing a strong economic recovery from COVID-19, which protects jobs, incomes and businesses and enables us to build a more inclusive economy.
For this priority there are five target outcomes:
- a skilled workforce that meets the needs of local employers
- more of our residents in high-value, well-paid jobs within Luton
- diversifying our economy by supporting and growing key sectors including the green economy, digital, creative industries, manufacturing and aviation
- a thriving town centre, with the right mix of office, retail, residential and leisure space
- more money spent locally, with increased social value from the public sector and anchor institutions
The immediate focus within this strategic priority will be to secure a strong economic recovery. To achieve this the Inclusive Economy Board is leading on the delivery of Luton’s Economic recovery strategy.
The Inclusive Economy strategy includes the following key outcomes:
- growth and resilience of key sectors
- continued investment into Luton
- more high value, well-paid jobs
- an upskilled workforce
- increased job readiness
- career pathways to meet employer needs
- increased local spend by public sector and anchor institutions
- increased social value providing real benefits to residents
- the right mix of office, retail, leisure and residential
- a safer town centre
- more sustainable travel
- more workers earning the real living wage and the Luton living wage
- increasing job security and back-to-work support
- supporting flexible working and access to employment
- continued growth of creative industries in Luton
- greater participation in arts, culture and heritage
- increased tourism opportunities and visitor numbers
- maximising passenger numbers
- increasing airport jobs and economic output
- becoming the UK’s most sustainable airport
- contributing more to the local voluntary and community sector