Trent Valley economic report launched

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David Ralph and Peter Richardson, D2N2 LEP, arriving at the event
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On Monday 20th March, the LNP launched an economic report* that makes a strong case for taking an environmentally led and coordinated approach to future development in the Trent Valley in order to maximise its economic potential.

Key findings by economic consultants, RPA

The Trent Valley runs right through Lowland Derbyshire and Nottinghamshire, and includes the cities of Derby and Nottingham.  It is a landscape that continues to be subjected to many pressures, most notably from sand and gravel extraction, house building and intensive agriculture. Over time, further piecemeal development in inappropriate places with little regard for the impact on the wider landscape risks spoiling and further degrading the Trent Valley, with negative impacts for local people and the environment for decades to come.

The LNP has identified that an opportunity exists to minimise the impact of inevitable further development on the valley by actively planning for future expansion to happen in a more coordinated way, and in the most appropriate places.  Taking a coordinated, landscape-driven approach to development and restoration would create a new, beautiful and more functional landscape where people want to live, work and spend their leisure time. It would maximise the Trent Valley’s potential as a recreational and tourist destination.  The economic benefits of this would be significant, according to a study prepared by Risk and Policy Analysts.

A new approach could, by 2050:

  • bring in more than £2.8 billion a year in additional economic benefits*;
  • create around 150,000 new jobs;*
  • annually generate £80 million per year in additional social and environmental benefits.*

The Trent Valley is a historic landscape with significant heritage assets including the historic settlement of Repton; the capital of the ancient kingdom of Mercia, Swarkestone Causeway – the longest stone built bridge in England, Elvaston Castle and Park, Newark-on-Trent which has a new Civil War Centre and the Anglo-Saxon town of Gainsborough. Nature reserves such as Attenborough and Langford Lowfields, which lie all along the valley, demonstrate the potential environmental ecosystems services that the area can deliver.

The event was held at Toyota Motor Manufacturing near Derby, and attended by the D2N2 Local Enterprise Partnership Chair, Peter Richardson, and Chief Executive David Ralph; Derbyshire County Council Leader, Anne Western, and representatives from Midlands Connect, Heritage Lottery Fund, Nottingham Trent University and Nottinghamshire, Newark and Sherwood and South Derbyshire Councils.

Commenting on the event, Peter Richardson, Chair of the D2N2 Local Enterprise Partnership – the private sector-led partnership promoting economic and jobs growth across Derby, Derbyshire, Nottingham and Nottinghamshire – said: “Making the landscape a genuine part of our economic growth strategy, is something I would like D2N2 to be the first LEP in the country to do; and then sell this approach to a Government which is absolutely looking for a new way forward, as stated in its new Industrial Strategy.”

Read more:

*Note: This study only reviewed the economic benefits within the Derbyshire element of the Trent Valley.  Those for the whole valley would be significantly greater. See also this page.