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Business growth and innovation ecosystem

Client:

North East Local Enterprise Partnership

Study objectives:

• Research how business growth and innovation is designed and delivered across the world;
• Identify the North East's economic strengths and weaknesses; and,
• Engage stakeholders in designing a new ecosystem for the North East planning for the Shared Prosperity Fund

Colin Bell – Business Growth Director

'Thrive Economics were insightful, intelligent and inclusive in their approach. They designed a new approach to business support provision and provided a fresh perspective with a clear framework for action.'

We completed detailed research on best practice ecosystems across the world including the North West part of the state of Pennsylvania, USA which specialised in innovation support. We designed a mapping template and issued it to business support providers across the North East to gather data on existing provision.

We researched the North East's economic strengths and weaknesses and presented a series of strategic priorities for the LEP and partners to consider. We designed and delivered facilitated workshops with stakeholders to gather their feedback on current and future provision and priorities.
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We identified 5 major programmes that could be developed to address the North East’s economic challenges and opportunities. They are presented in our visual ecosystem model representing how the North East ecosystem could be structured.

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