PRESS RELEASE: Governor of the Bank of England Mark Carney to speak at Northern Powerhouse Business Summit

PRESS RELEASE: Governor of the Bank of England Mark Carney to speak at Northern Powerhouse Business Summit banner image

 

Governor of the Bank of England Mark Carney to speak at Northern Powerhouse Business Summit

The Governor of the Bank of England, Mark Carney, will be delivering a speech at the government’s first Northern Powerhouse Business Summit this summer, the Minister for the Northern Powerhouse Jake Berry announced today (30 May).

Governor Carney will be the principal speaker on the second day of the Summit, which is being held in NewcastleGateshead from 4-6 July, as part of the Great Exhibition of the North.

In his role as Governor of the UK’s central bank, Governor Carney chairs the interest rate-setting Monetary Policy Committee, the Financial Policy Committee and the Prudential Regulation Committee.

He also serves as Chair of the Financial Stability Board (FSB), First Vice-Chair of the European Systemic Risk Board, and is a member of the Group of Thirty and the Foundation Board of the World Economic Forum.

Themes of discussions across the three day Summit will include how the Northern Powerhouse can be at the forefront of the fourth Industrial Revolution – Industry 4.0 – and the government’s Industrial Strategy, including the role of the North in the ‘Grand Challenges’. These challenges are: growing the Artificial Intelligence and data driven economy, clean growth, the future of mobility and an ageing society.

There will also be a number of workshops, delivered by northern businesses, designed to provide a more in-depth look at these themes. Workshops will include practical sessions on designing for an ageing population, the future of work, digital transformation and building a northern industrial strategy.

The government announced it was launching the Northern Powerhouse Business Summit earlier this month.  Designed to be the central business event during the Great Exhibition of the North, the Summit will bring together ministers, city region mayors, and council and business leaders.

The Northern Powerhouse Minister, Jake Berry: said: “The Northern Powerhouse Business Summit is the first ever event of its kind to be held by government and will bring together leaders from across the country to determine the next stage of the Northern Powerhouse and how we ensure that it is creating a Northern economy fit for the future.

“As one of our most respected economists, I am delighted that Governor Carney has agreed to be a keynote speaker this summer. He will be an invaluable voice in this debate.”

Tickets for the three-day Summit – which is free to attend – are available from 2pm today via the link below.

In addition to Governor Carney, Sugata Mitra, Professor of Educational Technology at Newcastle University, and Collette Roche, COO of Manchester United, have today been announced as speakers for the first and final day of the Summit, respectively.

Carol Bell, Executive Director for Great Exhibition of the North, said: “The aim of the Summit is to provide businesses across the North of England with learning, networking and commercial opportunities, through talks and practical workshops.

“Every speaker we are bringing to NewcastleGateshead is a leader in their field, and the range of topics we plan to cover – from AI, to clean growth, to virtual reality – we hope will help delegates to get inspired, learn from the top, and ultimately help to prepare their organisations for the future.”

The Northern Powerhouse Business Summit is supported by the European Regional Development Fund and will be taking place at The Boiler Shop in Newcastle, and at selected other venues, from 4th-6th July. Details about the programme and how to book tickets can be found at www.getnorth2018.com/business

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Notes to editors:

Please find a link below to the approved photo of the Governor for inclusion in the press release:

https://www.flickr.com/photos/bankofengland/14314959371/in/album-72157692112657305/

Background: Northern Powerhouse Business Summit

The Northern Powerhouse Business Summit aims to provide businesses from across the North with learning, networking and commercial opportunities, as well as shine a spotlight on the start-ups and scale-ups which call the North their home.

With a line-up of industry speakers, together with interactive workshops and an exhibition of Northern SMEs, businesses which attend can expect to be inspired by stories of innovation from across industry.

Government ministers will attend the summit to engage key leaders on their views for the future of the Northern Powerhouse.

The summit is being delivered by NewcastleGateshead Initiative, supported by delivery partners BeaconHouse Events, HemingwayDesign, Digital Catapult, Thinking Digital and Sunderland Software City.

For any press enquiries about the Business Summit please contact:

Laura Richards, Sunderland Software City

07468 611924/ laura.richards@sunderlandsoftwarecity.com

Background: Northern Powerhouse

Since the Northern Powerhouse was launched in 2014:

  • the North’s economy has grown by £21 billion (GVA, ONS 2014/15; 2015/16); almost half a million jobs have been created since 2010 and more power has been transferred from Whitehall to the North than under any government in decades
  • the government has also committed to investing more to improve northern transport than any government in history; shaved off 15 minutes on train journey times between Liverpool and Manchester; created and funded Transport for the North, the country’s first sub-national transport body; committed £337 million to upgrade the Tyne and Wear Metro in the North East; and ring-fenced £3 billion to dramatically upgrade the rail route between Manchester and Leeds
  • in 2016 we published the Northern Powerhouse Strategy, outlining plans to boost economic growth by improving transport connections, strengthening education and skills outcomes, boosting levels of trade and investment, and strengthening private sector growth
  • last year, we launched the £400 million Northern Powerhouse Investment Fund and rolled out finance to over 100 northern firms so they can start up, grow, and expand their operations globally
  • we have also undertaken over 50 Northern Powerhouse Trade Missions to promote northern businesses and investment opportunities to the world – from San Francisco to Dubai. Over the past 2 years, the number of foreign investments in the North has increased at double the national average
  • the government has invested £3.4 billion in the Northern Powerhouse for projects to boost local economies through Northern Powerhouse Growth Deals since 2014
About Great Exhibition of the North 2018:

In October 2016, NewcastleGateshead was selected to host Great Exhibition of the North; NewcastleGateshead Initiative (NGI) led the bid and is the lead delivery partner for the Exhibition, working closely with colleagues at Tyne & Wear Archives & Museums, BALTIC Centre for Contemporary Art, Sage Gateshead, Newcastle City Council, Gateshead Council, the Department for Digital, Culture, Media and Sport (DCMS) and a board chaired by Sir Gary Verity.

City Delivery Partners including Newcastle University, Northumbria University, Gateshead College and NUFC are also providing vital support for Great Exhibition of the North.

On 27 February the BBC announced a partnership to support Great Exhibition of the North.

Great Exhibition of the North is supported by Premier Partners Virgin Trains, Accenture and CISCO.

Funding has also been secured via Innovate UK, VisitBritain, Royal Commission for the Exhibition 1851, the Sir James Knott Trust and Reece Foundation and by England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014 to 2020.

National Lottery players have supported the Great Exhibition of the North through £1.7 million of funding from the Heritage Lottery Fund; Big Lottery Fund and Arts Council England.

Womble Bond Dickinson, Ward Hadaway, Siemens, Port of Tyne, Virgin Money, BT, Robertson and NewSubstance are proud partners of Great Exhibition of the North.

Newcastle Airport, Greggs plc, Go North East, Tyne & Wear Metro and Northumbrian Water, Shout Digital, Stagecoach, PwC, Nexus, the Barbour Foundation and Ubisoft are supporting partners.

For all press enquiries including image and interview requests for Great Exhibition of the North, please contact:

Jessica Dare: 0191 440 5749 / jessica.dare@ngi.org.uk

Fiona Morgan: 07595585661 / fiona.morgan@ngi.org.uk

About the European Regional Development Fund:

The Great Exhibition of the North is receiving up to £636,800 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014 to 2020. The Ministry of Housing, Communities and Local Government is the Managing Authority for the European Regional Development Fund.

Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations

For more information visit https://www.gov.uk/european-growth-funding

ERDF