Economic Strategy

Towards Torbay's New Economy - Economic Regeneration Strategy

Torbay's regeneration strategy sets out the vision - driving forward Torbay's economic prosperity. The strategy has been prepared and developed by the Torbay Development Agency, in consultation with all stakeholders.

The strategy sets out a clear way forward by building on the Bay's strengths to improve economic prosperity, give us prosperous communities with a higher quality of life and improved access to jobs.

Among the issues that Torbay faces are low wage rates, seasonality of employment, pockets of acute deprivation, some skills gaps and relatively high levels of economic inactivity.

Vision

To address the issues facing our economy the strategy sets out a path for the sustainable development of the Torbay economy by 2016 which will:

• Allow existing businesses to adapt and prosper whilst encouraging diversification to meet new opportunities
• Equip businesses with the necessary support to enable them to be more innovative, whilst creating an educated and skilled workforce.
• Ensure that all members of the Torbay community contribute to and share in the benefits of economic change.

Framework for action

The strategy identifies six themes to drive forward activities and programmes which are:

• Theme One: Repositioning the Visitor Offer and the Leisure Economy
• Theme Two: Increasing Value and Improving Economic Performance of Key Sectors
• Theme Three: Encourage Appropriate Diversification of the Economic Base
• Theme Four: Business and Infrastructure Support for Economic Growth
• Theme Five: Develop Skills and Learning Opportunities
• Theme Six: Community Support for a Higher Quality of Life

Download the Economic Regeneration Strategy HERE

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news

Mayor's Vision Roadshows 23 – 24 June – everyone welcome

Torbay Development Agency and Torbay Council are holding a se . . .

Draft Employers Guide now available

Too many employers and businesses fail to develop and invest . . .

Unique development opportunity in the New English Riviera

Torbay Development Agency (TDA), working on behalf of Torbay Council, is looking for a private sector partner to deliver a major regeneration programme in one of Europe's finest marine environments: The New English Riviera.

projects

Victoria Parade Area

IDEAS of how to reinvigorate Victoria Parade were shown to a . . .

Princess Gardens Area

Sea Change - Cockington Court

The Cockington Court project will create an inspirational new . . .