Financial Services: Essex
The question
To ask the Secretary of State for Housing, Communities and Local Government, what plans she has to support the development of local industrial strategies for financial and related professional services in Essex.
Answered by Alex Norris
Greater Essex is part of the Devolution Priority Programme, which aims to see a new Mayoral Strategic Authority established by spring 2026. If a Mayoral Strategic Authority is established, it will need to develop a Local Growth Plan to provide a long-term strategic framework for growth in the region. Foundation Strategic Authorities and Local Authorities in non-devolution are also encouraged to set out a vision for growth in their area that builds on existing local economic strategies where possible. The Industrial Strategy Sector Plans for Financial Services and Professional and Business Services include measures to grow these sectors across the UK.
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