The York, North Yorkshire & East Riding Enterprise Partnership (the LEP) has restated its firm support for the economic benefits of the proposed potash mine near Whitby.
In a letter to the North York Moors National Park Authority, the LEP states that the economic benefits of this £1.7 billion investment represents an opportunity that cannot be passed by. This is the largest investment in the north of England and will lead to thousands of new jobs for local people and will significantly boost the local, regional and wider national economy.
Barry Dodd CBE, Chair of the York, North Yorkshire & East Riding Enterprise Partnership said: “Investment on such a huge scale is unprecedented in North Yorkshire, this opportunity is one we cannot afford to miss. Even in a conservative scenario, it will boost the whole of North Yorkshire’s economy by a staggering 6% and with the mine comes new jobs to the Yorkshire coast, jobs that are skilled and sustainable, which is even more important for the most deprived area in North Yorkshire.”
Dodd continued; “Nationally the mine proposal has huge significance. Contributing £150 million in taxes each year, the project will reduce the budget deficit, as well as a major amount of revenue – equating to 2.5% of the UK trade deficit – that will be brought in through exports. This is an exceptional achievement for a single investment and the size and scale of the benefits will continue for multiple generations”.
The LEP strongly urges North York Moors National Park Authority to support this investment which will be a significant factor in the economic success of the Yorkshire Coast and Tees Valley and will bring very positive change and opportunity to people who need this.
The planning decision for the potash mine is expected on 30 June.Back to news archive