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Home > News > New region...

New regional business advisory group to help the East Mids take advantage of HS2

Maximising the potential of the HS2 in the East Midlands will be the sole focus of a new regional business advisory group.

Set up by the Chamber, working with Strategic Partner Geldards LLP, the HS2 Business Advisory Group aims to ensure the region takes full advantage of the most ambitious rail infrastructure project the country has seen since Victorian times.

It has been calculated that HS2 will be worth about £4bn a year to the economy of the East Midlands and South Yorkshire once trains start running in 2032.

But between now and then there will be myriad opportunities for business in the region to capitalise on being involved in a project that is being hailed as transformational for the region.

The HS2 Business Advisory Group has been created to develop asks and activity around how the economic impacts of HS2 can be exploited to greatest advantage and to link opportunities with the wider growth agendas of HS2 in the region.

In particular, the group’s work will focus on how to:

  • Maximise the economic opportunities of the stations at Toton and Chesterfield
  • Ensure local businesses benefit from the construction and delivery of HS2
  • Support skills development activity across the region to align with the opportunities created by HS2
  • Use HS2 to drive forward a wider long-term vision for growth across the East Midlands.

The creation of a hub station at Toton, a stop at Chesterfield and a maintenance depot/construction site at Staveley, bring with them opportunities for significant infrastructure improvements, inward investment and regeneration of surrounding communities.

These opportunities are in addition to the construction of HS2 itself, with contracts for the development of Phase One from London to Birmingham already being awarded.

Chris Hobson, Director of Policy at East Midlands Chamber, said: “It is essential throughout this process that the private sector in the East Midlands maintains a strong influence on the development, ensuring that the opportunities arising from HS2 are maximised to ensure that a vision for a successful East Midlands economy is driven by an understanding of the long-term business needs and opportunities for the region.”

David Williams, Chairman at Geldards LLP, said: “HS2 is set to be one of the most influential changes the region has seen for a very long time, and one that will affect both Geldards as a business and our clients. We are looking forward to working with East Midlands Chamber and the other businesses on the board to ensure HS2 has a positive impact on the East Midlands as a whole and every business that acts within it.”

Ian Morgan, Deputy Chairman of the Wellglade Group, chaired the first HS2 Business Advisory Group meeting.

Ian said: “HS2 has the potential to be transformational for the East Midlands economy, it brings opportunities for significant infrastructure improvements, inward investment and regeneration of surrounding communities. I am honoured to be chairing this group and to represent the regional business community to ensure these opportunities are maximised to benefit the whole region.”

 

Source: East Midlands Business Link

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