The Regional Economic Intelligence Unit (REIU) was established to ensure a co-ordinated approach to the use of key intelligence resources (such as the Regional Econometric Model) and to provide specialist economic support (in areas such as Green Book economic appraisal) across Leeds City Council. The unit supports a wide network of public sector partners and aims to improve the co-ordination of economic research across the region.
The objectives of the unit are to:
- Support the work of Local Enterprise Partnerships (LEPs) across Yorkshire and Humber
- Work closely with local authorities in analysing, monitoring and evaluating their local economic areas
- Work with the public and private sectors in the economic appraisal of potential investment projects
- Provide bespoke economic advice and evidence
This support translates into a number of key activities and products including:
- Economic briefings
- Economic forecasting
- Economic project appraisal
- Business intelligence
- Skills and labour market intelligence
- Impact assessments
- Specific project work
- Commissioned research
The Yorkshire economy is set to contract by 0.8% in 2012, the worst of all the English regions. Find out more in our latest economic update which can be found below in the downloads area.
Economic Case for Carbon Capture and Storage
The Government will shortly make a decision regarding the investment of up to £1 billion within their Carbon Capture and Storage (CCS) Commercialisation Programme. The REIU are currently working with CO2 Sense in order to detail and quantify the economic case for the Government to target this investment within Yorkshire and the Humber. The Yorkshire and Humber CCS cluster would be based around a pipeline that would transport CO2 to storage under the North Sea rather than being emitted into the atmosphere.
The executive summary of the full report was launched at the House of Commons on the 16th October 2012. It reveals a direct and indirect economic impact of the cluster of up to £1.3billion and 6,000 jobs. In the longer-term the wider economic benefit to the region could amount to over £26billion.
Please see the External links section (on the right hand side) to view a copy of the Executive Summary.
The PowerPoint presentation slides from the State of the Economy - Looking Forward event (4th December 2012) are available under the downloads section below.