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Economic Development

The following page explains economic development in the context of the Borough of Oadby and Wigston. On this page you will find information regarding the Economic regeneration strategy 2015-2020 (PDF Document, 7.82 Mb)

Economic development in the borough

It is our aspiration that the Borough of Oadby and Wigston is a place where businesses start up, grow and expand, where there is a wide range of local employment and training opportunities and where our town and district centres are vibrant and thriving.

The Council fully appreciates the important role played by individuals, businesses and organisations who share our aim to improve the local economy. The Council recognises that it cannot achieve its economic objectives alone but will need to work closely with the business community and with key support agencies and funders.

What is the economic development strategy?

The overall aim of the Economic regeneration strategy 2015-2020 (PDF Document, 7.82 Mb) is to promote economic well-being for all local businesses and residents over the next four year period.

Investment in Place, Business and People are the three key themes detailed within the strategy, with each highlighted area having specific actions and potential partners identified. Despite large changes in economic regeneration policy since the last strategy with the inception of the Leicester and Leicestershire Enterprise Partnership (LLEP), which lead on economic regeneration and making funds available, after careful consultation the Council is confident in creating a borough that means business.

Economic development team

The economic development team can provide direct support to businesses and individuals and can signpost enquiries to a range of service providers who are working to promote and assist the development of a dynamic and thriving economy in Oadby, Wigston and South Wigston.

The economic development team has developed close working links with a range of organisations, including South Leicestershire College, University of Leicester and Leicester and Leicestershire Enterprise Partnership, working to support local businesses and facilitate key regeneration opportunities within the borough, providing opportunities for new investment and for skills training and developing a successful economy.

Key functions of the economic development service

The key functions are as follows:

Project delivery - delivering key regeneration sites.

Lead organisation - for employability, worklessness, enterprise and skills.

Business development - including, organisation of business seminars in partnership; relationship management with priority businesses and clusters; liaison with business support organisations and the co-ordination of activity and response to investment enquiries.

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