In one of his first acts as the IoD’s new Director General, Stephen Martin today signed a memorandum of understanding with the Government to become an official Northern Powerhouse partner.
As a partner, the IoD has committed to join forces with government to help the North achieve its full potential – and attract new jobs and investment to the region.
Stephen Martin, who ran Clugston - a Scunthorpe-based construction and civil engineering firm – before joining the IoD as Director General just two weeks ago, is committed to building on the IoD’s already strong network across the north of England.
The IoD has long supported the aim of boosting economic growth outside of London, and has argued for a particular focus on improving the skills system and upgrading existing infrastructure, encompassing both new projects and improvements to rolling stock – including the replacement of ‘Pacer-class’ trains on regional rail.
The partnership commits the IoD to work with government on a range of initiatives, from awareness-raising of the Northern Powerhouse and related activities to identifying international business opportunities for firms based across the north of England. This pledge from the IoD’s national leadership is designed to sit alongside the activity of leaders in the IoD’s northern branches, many of whom are well known across the business community from Newcastle to Leeds to Manchester.
The IoD joins companies such as Barclays, Siemens, Deloitte, Leeds Bradford Airport and MC2 as partners of the Northern Powerhouse.
Stephen Martin, Director General of the Institute of Directors, said:
“Before joining the IoD I ran a construction and engineering company in Scunthorpe for ten years and I know the strengths that Northern businesses already have. The IoD supports the Government’s focus on improving links between companies and sectors across the North, and giving greater powers to cities so that they can support local firms. Ministers can provide a healthy environment for companies to start up and grow by ensuring the infrastructure and skills systems are up-to-scratch, but for the Northern Powerhouse to be a success, the business community must play a full and active part.”
Andrew Percy, Minister for the Northern Powerhouse, said:
“We’re determined to unlock the potential of the Northern Powerhouse and just last month we agreed over half a billion pounds to boost economic growth. So I’m thrilled that the Institute of Directors is on board, demonstrating its commitment to help attract jobs, boost skills and upgrade infrastructure in the North. I’m confident that this new partnership with the business community will help us go even further to support the Northern Powerhouse.”