The city's regeneration strategy, called Shaping the Future of Portsmouth, positions Portsmouth as 'the great waterfront city' and reflects the city's ambitions for its future as a global economy.
The strategy will deliver Portsmouth's physical, economic and social regeneration and see £1 billion invested in the city.
Although the announcement that shipbuilding will end at Portsmouth dockyard has made work to support those affected a priority (whether they be direct employees of BAE Systems or businesses and their workers in the wider supply chain), it is more important than ever that we deliver our plans to regenerate the city.
With a comprehensive delivery plan in place, Portsmouth's physical regeneration has already begun, with work at Tipner and other major developments now underway. We know that physical regeneration will create a significant number of job opportunities, but business growth (particularly amongst SMEs) will be required if we are to achieve our ambition to be a global economy.
This will see Portsmouth and the wider sub-region boasting a leading edge economy - recognised as a global centre of excellence for the marine and maritime sector; known as a place where entrepreneurship and innovation can flourish; and witnessing significant economic growth in the aerospace and environmental technology industries.
Alongside work to grow and diversify the local economy, we need to ensure the resident workforce has the training and skills required to meet employer demand, secure the available jobs and benefit from economic growth in the city.
To address the challenges and achieve our ambitions, the Business Growth and Skills Plan, which you can download below, has two main themes:
- Business growth and job creation
- Training, skills and access to employment