The alliance hopes to put together a package worth at least£100m to back its five-year economic plan for the former coalfields. It has won nearly£40m in the last two rounds of single regeneration budget funding.
At the core of the strategy are measures to improve skills, draw in investment and make the region a more attractive place to live.
In the short term, the alliance plans to set up a rapid response team to help companies recruit in areas where there are few skilled workers. It will market the area under a single banner and produce plans to reduce crime.
Mansfield DC leader and Alliance chairman Jim Hawkins said: 'It will show that the contribution of the area to the future of the East Midlands economy can be as vibrant, dynamic and innovative as was the industrial past.'
Nine councils, including Nottinghamshire and Derbyshire CCs, are backing the plan, as is the East Midlands Development Agency. We want a new, different and more positive focus for this area.