The economy is a significant priority for us. The economic downturn has had a negative impact on the County's economy. Information on this page shows how we are helping to monitor and improve the economy of the County.
We currently work in partnership with the County Durham Economic Partnership (CDEP) to secure the economic well-being of the County. The CDEP works towards a vision as set out in the Regeneration Statement for County Durham. For more information, visit the County Durham Partnership website.
To show you how the economy has been performing nationally, regionally and locally, we have been producing monthly Economic Updates for County Durham since October 2009. If you would like to receive notifications of these updates please contact us.
In 2010 the Government introduced a duty for all local authorities to produce a local economic assessment. The County Durham Economic Assessment (CDEA) provides commentary on County Durham's past economic performance, considers prospects for future growth and also areas for further research. The CDEA is not a strategy or policy document, but provides comprehensive, shared understanding of the County's economy to aid strategy and policy decisions.
The full CDEA consists of an evidence base developed around business, people and place themes. It commenced with a paper giving a general overview and topic reports which identified specific topics for further investigation through extensive analysis (summarised by the Emerging Insights report). This evidence has been brought together in a single document (Volume 1) with a Summary Report. Implementation plans have also been developed for three themes to test and appraise the feasibility of ideas emerging from the CDEA.
We play a significant role in the governance and management of a range of markets throughout the County's major centres. We are therefore in a position where it is empowered to make key decisions to shape the future of market's provision across the County and to determine the contribution that markets play in supporting the revitalisation and sustainability of our town centres thus contributing to the local economy.