The Hertfordshire Local Enterprise Partnership (LEP) has published its strategy for smart economic growth in the county.

Perfectly placed for business – A Strategy for Smart Economic Growth in Hertfordshire 2013 – 2030 sets out the LEP’s vision that by 2030, the county will be the leading economy at the heart of the UK’s golden triangle (London, Oxford and Cambridge).

The strategy pin points three areas, key to achieving this goal:

• Maintaining our global excellence in science and technology
• Harnessing our relationships with London (and elsewhere)
• Re-invigorating our places for the 21st Century

Following the release of a draft strategy in June, Hertfordshire’s business and local government leaders contributed to the final strategy during a consultation throughout the summer.

LEP Chair John Gourd said: “The LEP aims to cement Hertfordshire’s position as a world leading economy and I am convinced that we’ve set out a strategy which will ensure our county remains perfectly placed for business. "

Worth £25bn, there are 55 thousand active businesses in Hertfordshire making it the UK’s 5th largest economy.

The county is serviced by four international airports, has the country’s busiest road network and is just 12 miles from central London.

The county boasts a highly skilled work force rivalling the very best in the world and is home to host of world leading firms in advanced engineering, life sciences, financial services, and creative industries.

The next step will be to develop a Strategic Economic Plan that sets out the key projects and activities to progress our strategy over the next three to five years. The first draft of this plan will be completed before Christmas with a final version to be submitted to Government (along with proposals to secure funding) in March 2014.