The Yorkshire and Humberside region is the fifth largest area in England and is situated to the north of the country. The major cities in this area are Leeds, Bradford, Wakefield, Sheffield and Rotherham. The economy of Yorkshire and Humberside is undergoing regeneration from a dominant industrial economy to a more serviced focused region. The areas that contribute to the growth of the region's economy are digital industries, environmental technologies, financial services, construction, commerce, real estate and public services - primarily health and education.
The Northern Powerhouse program is designed to encourage economic growth of Northern England, particularly in the core cities of Manchester, Liverpool, Leeds, Sheffield, Hull and Newcastle. This proposal includes improvements in transport and investment in science and innovation.
The government's investment in the northern development will contribute towards strengthening educational institutions, research bodies, start-ups and the job market; This will increase the region's gross value added (GVA) by over 6.6 billion pounds.
In addition, by 2020, more than 13 billion pounds will be invested in the transportation industry to improve and add to its infrastructure. Additionally, it will create a streamline public transport network and improve the motorway connection between the north and south. All of these are expected to attract tourists, and foreign and local investors.