The Cambridgeshire and Peterborough economy is nationally and internationally significant, containing places with some of the fastest growth within the UK and representing internationally competitive industry, innovation and research. It also faces a number of challenges, imbalances and constraints which must be addressed for the benefit of all its residents.
The purpose of the Cambridgeshire and Peterborough Independent Economic Review (CPIER) is to create a single strategic position to help the greater Cambridgeshire and Peterborough area consider the case for greater fiscal devolution and powers to unlock the delivery of major infrastructure, including showing how the area delivers benefits to the rest of UK. It provides a clear understanding of the priorities which can help business and political leaders in the area to unite behind a common strategy.
The Review considers how a coherent economic growth strategy can be developed for the whole sub-regional economy, encompassing Cambridgeshire and Peterborough and the relationship with adjacent local authority areas in the Local Enterprise Partnership area. It is being used by the Combined Authority and the Business Board to inform the development of the Local Industrial Strategy and associated investments.
An interim report was published in late spring 2018, the final report was delivered in September 2018.
It is intended to be an authoritative source of advice and evidence for Government and a basis for future devolution to the local area.
The final report, published at the end of summer 2018, aims to influence Government’s November 2018 Budget Announcement.
CPIER is co-funded by the Cambridgeshire and Peterborough Combined Authority and Cambridge Ahead.
You can access the full Terms of Reference for CPIER here.
Cambridgeshire and Peterborough Independent Economic Review Organogram