Letchworth's economic future
A dynamic local economy is essential to keeping Letchworth vibrant and enabling residents to have a good quality of life and a future for our young people.
Our objective is to develop more business partnership opportunities that will help to create long-term and sustainable economic growth in Letchworth.
These opportunities will also help to improve people’s skills. To make this happen, we are working with the Hertfordshire Local Enterprise Partnership (LEP) and in the next three years, we want to be welcoming more businesses to the town.
In partnership with the LEP, we have commissioned a report to understand Letchworth’s current economic climate and what its future might look like. The findings show that Letchworth has a very distinctive economic character and role.
Currently, this reflects in the town’s unique history, and its location (its close proximity to Hitchin and Baldock; its links to Stevenage; and its wider location in relation to the Oxford Cambridge Arc).
The general conclusion is that Letchworth needs to do things differently – not because there is an imminent threat, but because it needs to future proof itself.
A Great Place to Live – what we will do in 2020:
Continue to work in partnership with the LEP and other partners for the benefit of Letchworth.
Review the potential and viability for town centre based co-working spaces as well as finding out more about what it is like to set up a business in Letchworth and how our local entrepreneurs can be better supported.
Look at the long-term future of our industrial real estate and how it needs to evolve to meet 21st century business needs and the wider geo-economic opportunities of the area.
Carry out a town centre health check to identify the strengths and weaknesses of the town centre. Develop a multi-agency town centre strategy.
Work with the BID to support the ‘greening’ of the town centre.
Read more about Letchworth businesses:
About the Local Enterprise Partnership
The Hertfordshire Local Enterprise Partnership (LEP) brings businesses and the public sector together to target investment to ensure that enterprises, communities and people thrive.