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UK Powerhouse

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UK Powerhouse is an extensive business study produced by Irwin Mitchell and leading economic think-tank Cebr.

Incorporating a quarterly Powerhouse Tracker – a unique city-by-city forecast of the economic strength devised by Cebr – the study predicts that by 2026, the gap between London and the rest of the UK will get even wider.

The results of the latest Tracker can be viewed by clicking on the interactive map or by downloading this 28 page summary report is available here.

Our detailed white paper report analyses the causes of the economic disparities that exist within the UK and examines whether the Government’s current wealth-spreading agenda will work. A copy of this, which includes a range of policy considerations, can be downloaded here.

List of available reports:

For any press enquiries, please contact david.shirt@irwinmitchell.com.

* GVA stands for Gross Value Added

East of England

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Peterborough £5,050 98,601£51,217
Norwich £2,873 125,166£22,955
Cambridge £8,101 110,242£73,480
Ipswich £4,341 72,433£59,934
  • 21% believe the Government has taken the necessary steps to boost economic growth in their region
  • 41% believe greater devolution of powers would boost economic growth in their region
  • 55% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 33% want changes to education and skills policy
  • 19% of businesses said investment in telecoms was their number one priority for business growth

* Gross Value Added (GVA) percentage growth covering 5 years between 2001 & 2005

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

South East

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Brighton £6,272 129,122£48,571
Southampton £6,187 142,600£43,390
Portsmouth £5,298 105,538£50,196
Milton Keynes £8,644 150,032£57,614
Oxford £7,165 107,718£66,517
Reading £6,639 128,132£51,811
  • 34% believe the Government has taken the necessary steps to boost economic growth in their region
  • 41% believe greater devolution of powers would boost economic growth in their region
  • 52% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 18% said improved investment in telecoms was the number one priority for increasing economic growth in their region

* Gross Value Added (GVA) percentage growth covering 5 years between 2001 & 2005

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

South West

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Bristol £12,409 302,504£41,020
Plymouth £5,179 128,416£40,332.63
Bournemouth £4,375 74,440£58,773
Exeter £3,960 88,477£44,762
Swindon £6,706 111,017£60,403
  • 29% believe the Government has taken the necessary steps to boost economic growth in their region
  • 54% believe greater devolution of powers would boost economic growth in their region
  • 64% want to set their own business rates
  • 24% said improved investment in telecoms was the number one priority for increasing economic growth in their region

* Gross Value Added (GVA) percentage growth covering 5 years between 2001 & 2005

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

West Midlands

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Birmingham £23,335 524,580£44,482
Coventry £6,938 169,839£40,853
Wolverhampton £4,823 114,349£42,179
Stoke-on-Trent £4,329 98,792£43,820
  • 32% believe the Government has taken the necessary steps to boost economic growth in their region
  • 48% believe greater devolution of powers would boost economic growth in their region
  • 55% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 65% want the ability to set business rates
  • 1 in five (19%) of businesses said investment in improved telecoms was their number one priority

* Gross Value Added (GVA) percentage growth covering 5 years between 2001 & 2005

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

East Midlands

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Nottingham £8,024 223,200£35,948
Derby £6,183 138,800£44,547
Leicester £6,698 194,800£34,386
  • 27% believe the Government has taken the necessary steps to boost economic growth in their region
  • 41% believe greater devolution of powers would boost economic growth in their region
  • 57% want the ability to set business rates
  • 21% of businesses said greater investment in telecoms was their number one priority for improving their region's economic growth

* Gross Value Added (GVA) percentage growth covering 5 years between 2001 & 2005

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

North West

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Manchester £14,947 409,406£36,510
Greater Manchester £57,485 1,209,159£47,542
Liverpool £10,830 278,991£38,817
Stockport £6,726 118,042£56,982
  • Only 22% believe the Government has taken the necessary steps to boost economic growth in their region
  • 60% believe greater devolution of powers would boost economic growth in their region
  • 64% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 35% want ability to set corporation tax
  • A quarter (22%) said investment in the region's roads was the number one priority for their future economic prosperity

* Gross Value Added (GVA) percentage growth covering 5 years between 2001 & 2005

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

North East

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Middlesbrough £3,536 74,819£47,261
Newcastle £8,954 201,695£44,394
Sunderland £5,693 123,412£46,126
  • 14% believe the Government has taken the necessary steps to boost economic growth in their region
  • 31% believe greater devolution of powers would boost economic growth in their region
  • 59% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • A quarter (25%) said investment in the region's roads was the number one priority for their future economic prosperity

* Gross Value Added (GVA) percentage growth covering 5 years between 2001 & 2005

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Wales

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Cardiff £10,024 198,317£50,546
Swansea £4,263 118,751£35,902
  • 9% believe the Government has taken the necessary steps to boost economic growth in their region
  • 45% believe greater devolution of powers would boost economic growth in their region
  • 61% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 16% said improved improved business funding was the number one priority for increasing economic growth in their country

* Gross Value Added (GVA) percentage growth covering 5 years between 2001 & 2005

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Northern Ireland

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Belfast ^ £9,807

* Gross Value Added (GVA) percentage growth covering 5 years between 2001 & 2005

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Scotland

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Glasgow £18,395 412,513£44,591
Edinburgh £18,143 309,735£58,575
Aberdeen £10,023 165,705£60,489
  • 17% believe the Government has taken the necessary steps to boost economic growth in their region
  • 51% believe greater devolution of powers would boost economic growth in their region
  • 35% want the freedom to set their own living wage
  • 15% said improved investment in telecoms was the number one priority for increasing economic growth in their region

* Gross Value Added (GVA) percentage growth covering 5 years between 2001 & 2005

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Yorkshire and the Humber

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Leeds £20,959 407,723£51,405
Sheffield £11,533 265,967£43,362
Bradford £9,562 195,882£48,817
Hull £5,475 141,955£38,569
Rotherham £4,564 99,824£45,724
Wakefield £6,299 157,122£40,093
York £5,284 109,043£48,462
  • 27% believe the Government has taken the necessary steps to boost economic growth in their region
  • 45% believe greater devolution of powers would boost economic growth in their region
  • 76% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 62% want ability to set business rates
  • A quarter (25%) said investment in the region's roads was the number one priority for their future economic prosperity

* Gross Value Added (GVA) percentage growth covering 5 years between 2001 & 2005

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

London

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
London £317,354 3,963,449£80,070
Inner London £206,586 2,416,306£85,497
Outer London £110,769 1,547,142£71,596
  • 45% believe the Government has taken the necessary steps to boost economic growth in their region
  • 48% believe greater devolution of powers would boost economic growth in their region
  • 59% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 28% want freedom to set living wage
  • 20% said that building more homes was the number one priority for improving the city's growth

* Gross Value Added (GVA) percentage growth covering 5 years between 2011 & 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

East of England

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Peterborough £5,323 104,375£51,003
Norwich £2,776 134,764£20,597
Cambridge £9,044 131,876£68,581
Ipswich £4,497 80,164£56,093
  • 21% believe the Government has taken the necessary steps to boost economic growth in their region
  • 41% believe greater devolution of powers would boost economic growth in their region
  • 55% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 33% want changes to education and skills policy
  • 19% of businesses said investment in telecoms was their number one priority for business growth

* Gross Value Added (GVA) percentage growth covering 5 years between 2011 & 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

South East

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Brighton £7,034 152,157£46,228
Southampton £5,800 145,118£39,969
Portsmouth £5,248 108,441£48,395
Milton Keynes £10,878 166,169£65,461
Oxford £8,182 125,195£65,352
Reading £6,560 122,571£53,520
  • 34% believe the Government has taken the necessary steps to boost economic growth in their region
  • 41% believe greater devolution of powers would boost economic growth in their region
  • 52% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 18% said improved investment in telecoms was the number one priority for increasing economic growth in their region

* Gross Value Added (GVA) percentage growth covering 5 years between 2011 & 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

South West

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Bristol £13,699 332,183£41,240
Plymouth £5,080 138,265£36,743
Bournemouth £4,507 94,488£47,702
Exeter £3,981 127,458£31,237
Swindon £6,520 117,791£55,354
  • 29% believe the Government has taken the necessary steps to boost economic growth in their region
  • 54% believe greater devolution of powers would boost economic growth in their region
  • 64% want to set their own business rates
  • 24% said improved investment in telecoms was the number one priority for increasing economic growth in their region

* Gross Value Added (GVA) percentage growth covering 5 years between 2011 & 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

West Midlands

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Birmingham £24,538 547,759£44,797
Coventry £7,563 185,742£40,717
Wolverhampton £4,541 112,453£40,381
Stoke-on-Trent £4,688 106,917£43,844
  • 32% believe the Government has taken the necessary steps to boost economic growth in their region
  • 48% believe greater devolution of powers would boost economic growth in their region
  • 55% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 65% want the ability to set business rates
  • 1 in five (19%) of businesses said investment in improved telecoms was their number one priority

* Gross Value Added (GVA) percentage growth covering 5 years between 2011 & 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

East Midlands

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Nottingham £8,686 224,572£38,676
Derby £6,832 136,743£49,965
Leicester £7,337 207,683£35,328
  • 27% believe the Government has taken the necessary steps to boost economic growth in their region
  • 41% believe greater devolution of powers would boost economic growth in their region
  • 57% want the ability to set business rates
  • 21% of businesses said greater investment in telecoms was their number one priority for improving their region's economic growth

* Gross Value Added (GVA) percentage growth covering 5 years between 2011 & 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

North West

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Manchester £16,857 434,259£38,817
Greater Manchester £58,969 1,271,627£46,373
Liverpool £10,756 280,142£38,395
Stockport £6,021 122,609£49,110
  • Only 22% believe the Government has taken the necessary steps to boost economic growth in their region
  • 60% believe greater devolution of powers would boost economic growth in their region
  • 64% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 35% want ability to set corporation tax
  • A quarter (22%) said investment in the region's roads was the number one priority for their future economic prosperity

* Gross Value Added (GVA) percentage growth covering 5 years between 2011 & 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

North East

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Middlesbrough £3,276 74,528£43,953
Newcastle £8,928 215,809£41,371
Sunderland £5,663 128,605£44,031
  • 14% believe the Government has taken the necessary steps to boost economic growth in their region
  • 31% believe greater devolution of powers would boost economic growth in their region
  • 59% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • A quarter (25%) said investment in the region's roads was the number one priority for their future economic prosperity

* Gross Value Added (GVA) percentage growth covering 5 years between 2011 & 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Wales

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Cardiff £9,157 225,783£40,558
Swansea £4,409 121,884£36,173
  • 9% believe the Government has taken the necessary steps to boost economic growth in their region
  • 45% believe greater devolution of powers would boost economic growth in their region
  • 61% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 16% said improved improved business funding was the number one priority for increasing economic growth in their country

* Gross Value Added (GVA) percentage growth covering 5 years between 2011 & 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Northern Ireland

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Belfast ^ £9,313 129,359

* Gross Value Added (GVA) percentage growth covering 5 years between 2011 & 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Scotland

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Glasgow £19,304 423,465£45,585
Edinburgh £18,153 335,863£54,050
Aberdeen £12,126 184,665£65,664
  • 17% believe the Government has taken the necessary steps to boost economic growth in their region
  • 51% believe greater devolution of powers would boost economic growth in their region
  • 35% want the freedom to set their own living wage
  • 15% said improved investment in telecoms was the number one priority for increasing economic growth in their region

* Gross Value Added (GVA) percentage growth covering 5 years between 2011 & 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Yorkshire and the Humber

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Leeds £20,984 433,738£48,379
Sheffield £11,109 277,835£39,983
Bradford £9,306 211,012£44,103
Hull £5,051 145,052£34,820
Rotherham £4,253 97,091£43,799
Wakefield £6,455 150,961£42,758
York £4,945 118,390£41,768
  • 27% believe the Government has taken the necessary steps to boost economic growth in their region
  • 45% believe greater devolution of powers would boost economic growth in their region
  • 76% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 62% want ability to set business rates
  • A quarter (25%) said investment in the region's roads was the number one priority for their future economic prosperity

* Gross Value Added (GVA) percentage growth covering 5 years between 2011 & 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

London

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
London £374,694 4,983,086£75,193
Inner London £251,568 3,187,304£78,928
Outer London £123,126 1,795,782£68,564
  • 45% believe the Government has taken the necessary steps to boost economic growth in their region
  • 48% believe greater devolution of powers would boost economic growth in their region
  • 59% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 28% want freedom to set living wage
  • 20% said that building more homes was the number one priority for improving the city's growth

* Gross Value Added (GVA) percentage growth covering 5 years between 2011 & 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

East of England

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Peterborough £6,220 110,501£56,293
Norwich £3,277 142,456£23,002
Cambridge £11,225 142,568£78,731
Ipswich £5,367 85,578£62,717
  • 21% believe the Government has taken the necessary steps to boost economic growth in their region
  • 41% believe greater devolution of powers would boost economic growth in their region
  • 55% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 33% want changes to education and skills policy
  • 19% of businesses said investment in telecoms was their number one priority for business growth

* Gross Value Added (GVA) percentage growth covering 5 years between 2021 & 2025

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

South East

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Brighton £8,333 160,657£51,870
Southampton £6,879 152,478£45,118
Portsmouth £6,160 112,998£54,515
Milton Keynes £13,268 182,864£72,559
Oxford £9,946 136,186£73,035
Reading £8,015 133,675£59,956
  • 34% believe the Government has taken the necessary steps to boost economic growth in their region
  • 41% believe greater devolution of powers would boost economic growth in their region
  • 52% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 18% said improved investment in telecoms was the number one priority for increasing economic growth in their region

* Gross Value Added (GVA) percentage growth covering 5 years between 2021 & 2025

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

South West

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Bristol £15,617 356,370£43,824
Plymouth £5,598 143,069£39,126
Bournemouth £5,214 103,584£50,337
Exeter £4,703 139,419£33,735
Swindon £7,559 127,276£59,388
  • 29% believe the Government has taken the necessary steps to boost economic growth in their region
  • 54% believe greater devolution of powers would boost economic growth in their region
  • 64% want to set their own business rates
  • 24% said improved investment in telecoms was the number one priority for increasing economic growth in their region

* Gross Value Added (GVA) percentage growth covering 5 years between 2021 & 2025

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

West Midlands

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Birmingham £28,134 595,539£47,241
Coventry £8,656 201,539£42,951
Wolverhampton £5,029 119,360£42,135
Stoke-on-Trent £5,300 116,516£45,485
  • 32% believe the Government has taken the necessary steps to boost economic growth in their region
  • 48% believe greater devolution of powers would boost economic growth in their region
  • 55% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 65% want the ability to set business rates
  • 1 in five (19%) of businesses said investment in improved telecoms was their number one priority

* Gross Value Added (GVA) percentage growth covering 5 years between 2021 & 2025

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

East Midlands

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Nottingham £9,964 242,176£41,146
Derby £7,863 144,793£54,305
Leicester £8,286 219,785£37,700
  • 27% believe the Government has taken the necessary steps to boost economic growth in their region
  • 41% believe greater devolution of powers would boost economic growth in their region
  • 57% want the ability to set business rates
  • 21% of businesses said greater investment in telecoms was their number one priority for improving their region's economic growth

* Gross Value Added (GVA) percentage growth covering 5 years between 2021 & 2025

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

North West

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Manchester £19,358 463,291£41,784
Greater Manchester £67,057 1,363,854£49,167
Liverpool £12,158 296,260£41,038
Stockport £7,059 126,373£55,860
  • Only 22% believe the Government has taken the necessary steps to boost economic growth in their region
  • 60% believe greater devolution of powers would boost economic growth in their region
  • 64% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 35% want ability to set corporation tax
  • A quarter (22%) said investment in the region's roads was the number one priority for their future economic prosperity

* Gross Value Added (GVA) percentage growth covering 5 years between 2021 & 2025

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

North East

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Middlesbrough £3,572 76,519£46,684
Newcastle £10,093 227,617£44,343
Sunderland £6,361 135,042£47,104
  • 14% believe the Government has taken the necessary steps to boost economic growth in their region
  • 31% believe greater devolution of powers would boost economic growth in their region
  • 59% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • A quarter (25%) said investment in the region's roads was the number one priority for their future economic prosperity

* Gross Value Added (GVA) percentage growth covering 5 years between 2021 & 2025

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Wales

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Cardiff £10,216 234,448£43,574
Swansea £4,818 126,236£38,168
  • 9% believe the Government has taken the necessary steps to boost economic growth in their region
  • 45% believe greater devolution of powers would boost economic growth in their region
  • 61% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 16% said improved improved business funding was the number one priority for increasing economic growth in their country

* Gross Value Added (GVA) percentage growth covering 5 years between 2021 & 2025

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Northern Ireland

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Belfast ^ £10,133 139,850

* Gross Value Added (GVA) percentage growth covering 5 years between 2021 & 2025

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Scotland

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Glasgow £22,103 444,590£49,716
Edinburgh £20,566 349,412£58,858
Aberdeen £13,985 191,057£73,199
  • 17% believe the Government has taken the necessary steps to boost economic growth in their region
  • 51% believe greater devolution of powers would boost economic growth in their region
  • 35% want the freedom to set their own living wage
  • 15% said improved investment in telecoms was the number one priority for increasing economic growth in their region

* Gross Value Added (GVA) percentage growth covering 5 years between 2021 & 2025

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Yorkshire and the Humber

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
Leeds £23,671 460,296£51,426
Sheffield £12,389 292,373£42,374
Bradford £10,311 219,853£46,898
Hull £5,637 150,327£37,495
Rotherham £4,977 102,500£48,559
Wakefield £7,517 159,235£47,205
York £5,820 129,053£45,098
  • 27% believe the Government has taken the necessary steps to boost economic growth in their region
  • 45% believe greater devolution of powers would boost economic growth in their region
  • 76% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 62% want ability to set business rates
  • A quarter (25%) said investment in the region's roads was the number one priority for their future economic prosperity

* Gross Value Added (GVA) percentage growth covering 5 years between 2021 & 2025

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

London

 
GVA, £millions
Employment
Productivity
Q1 (annualised) Q1 Q1
London £434,860 5,373,337£80,929
Inner London £292,393 3,441,376£84,964
Outer London £142,467 1,931,962£73,742
  • 45% believe the Government has taken the necessary steps to boost economic growth in their region
  • 48% believe greater devolution of powers would boost economic growth in their region
  • 59% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 28% want freedom to set living wage
  • 20% said that building more homes was the number one priority for improving the city's growth

* Gross Value Added (GVA) percentage growth covering 5 years between 2021 & 2025

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

East of England

 
GVA, £millions
Employment
Productivity
Q2 (annualised) Q2 Q2
Peterborough £4,903 99,951 £49,055
Norwich £6,780 123,592 £54,856
Cambridge £8,100 114,914 £70,492
Ipswich £4,167 77,008 £54,109
  • 21% believe the Government has taken the necessary steps to boost economic growth in their region
  • 41% believe greater devolution of powers would boost economic growth in their region
  • 55% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 33% want changes to education and skills policy
  • 19% of businesses said investment in telecoms was their number one priority for business growth

*Gross Value Added (GVA) percentage growth covering 8 years between 2008 – 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

South East

 
GVA, £millions
Employment
Productivity
Q2 (annualised) Q2 Q2
Brighton £6,227 128,647 £48,402
Southampton £5,738 142,042 £40,399
Portsmouth £5,272 100,959 £52,224
Milton Keynes £9,040 159,734 £56,594
Oxford £6,800 113,553 £59,883
  • 34% believe the Government has taken the necessary steps to boost economic growth in their region
  • 41% believe greater devolution of powers would boost economic growth in their region
  • 52% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 18% said improved investment in telecoms was the number one priority for increasing economic growth in their region

*Gross Value Added (GVA) percentage growth covering 8 years between 2008 – 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

South West

 
GVA, £millions
Employment
Productivity
Q2 (annualised) Q2 Q2
Bristol £12,895 315,537 £40,867
Plymouth £4,971 132,509 £37,514
Bournemouth £4,066 79,987 £50,838
  • 29% believe the Government has taken the necessary steps to boost economic growth in their region
  • 54% believe greater devolution of powers would boost economic growth in their region
  • 64% want to set their own business rates
  • 24% said improved investment in telecoms was the number one priority for increasing economic growth in their region

*Gross Value Added (GVA) percentage growth covering 8 years between 2008 – 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

West Midlands

 
GVA, £millions
Employment
Productivity
Q2 (annualised) Q2 Q2
Birmingham £23,360 512,030 £45,622
Coventry £6,597 164,270 £40,157
Wolverhampton £4,669 114,908 £40,630
Stoke-on-Trent £4,309 97,207 £44,331
  • 32% believe the Government has taken the necessary steps to boost economic growth in their region
  • 48% believe greater devolution of powers would boost economic growth in their region
  • 55% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 65% want the ability to set business rates
  • 1 in five (19%) of businesses said investment in improved telecoms was their number one priority

*Gross Value Added (GVA) percentage growth covering 8 years between 2008 – 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

East Midlands

 
GVA, £millions
Employment
Productivity
Q2 (annualised) Q2 Q2
Nottingham £8,774 222,625 £39,413
Derby £6,379 128,333 £49,710
Leicester £6,723 190,090 £35,365
  • 27% believe the Government has taken the necessary steps to boost economic growth in their region
  • 41% believe greater devolution of powers would boost economic growth in their region
  • 57% want the ability to set business rates
  • 21% of businesses said greater investment in telecoms was their number one priority for improving their region’s economic growth

*Gross Value Added (GVA) percentage growth covering 8 years between 2008 – 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

North West

 
GVA, £millions
Employment
Productivity
Q2 (annualised) Q2 Q2
Manchester £19,169 387,742 £49,438
Greater Manchester £55,362 1,189,429 £46,545
Liverpool £10,705 265,857 £40,265
  • Only 22% believe the Government has taken the necessary steps to boost economic growth in their region
  • 60% believe greater devolution of powers would boost economic growth in their region
  • 64% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 35% want ability to set corporation tax
  • A quarter (22%) said investment in the region’s roads was the number one priority for their future economic prosperity

*Gross Value Added (GVA) percentage growth covering 8 years between 2008 – 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

North East

 
GVA, £millions
Employment
Productivity
Q2 (annualised) Q2 Q2
Middlesbrough £3,511 74,749 £46,973
Newcastle £8,929 209,236 £42,673
Sunderland £5,510 118,777 £46,389
  • 14% believe the Government has taken the necessary steps to boost economic growth in their region
  • 31% believe greater devolution of powers would boost economic growth in their region
  • 59% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • A quarter (25%) said investment in the region’s roads was the number one priority for their future economic prosperity

*Gross Value Added (GVA) percentage growth covering 8 years between 2008 – 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Wales

 
GVA, £millions
Employment
Productivity
Q2 (annualised) Q2 Q2
Cardiff £9,676 201,900 £47,927
Swansea £4,111 112,891 £36,419
  • 9% believe the Government has taken the necessary steps to boost economic growth in their region
  • 45% believe greater devolution of powers would boost economic growth in their region
  • 61% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 16% said improved improved business funding was the number one priority for increasing economic growth in their country

*Gross Value Added (GVA) percentage growth covering 8 years between 2008 – 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Northern Ireland

 
GVA, £millions
Employment
Productivity
Q2 (annualised) Q2 Q2
Belfast £10,304 119,188 n/a

*Gross Value Added (GVA) percentage growth covering 5 years between 2001 – 2005

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Scotland

 
GVA, £millions
Employment
Productivity
Q2 (annualised) Q2 Q2
Glasgow £19,786 413,806 £47,815
Edinburgh £18,121 313,708 £57,764
Aberdeen £11,047 173,170 £63,793
  • 17% believe the Government has taken the necessary steps to boost economic growth in their region
  • 51% believe greater devolution of powers would boost economic growth in their region
  • 35% want the freedom to set their own living wage
  • 15% said improved investment in telecoms was the number one priority for increasing economic growth in their region

*Gross Value Added (GVA) percentage growth covering 8 years between 2008 – 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Yorkshire and the Humber

 
GVA, £millions
Employment
Productivity
Q2 (annualised) Q2 Q2
Leeds £22,206 402,038 £55,233
Sheffield £11,012 273,575 £40,251
Bradford £9,292 219,486 £42,337
Hull £5,067 131,591 £38,507
  • 27% believe the Government has taken the necessary steps to boost economic growth in their region
  • 45% believe greater devolution of powers would boost economic growth in their region
  • 76% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 62% want ability to set business rates
  • A quarter (25%) said investment in the region’s roads was the number one priority for their future economic prosperity

*Gross Value Added (GVA) percentage growth covering 8 years between 2008 – 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

London

 
GVA, £millions
Employment
Productivity
Q2 (annualised) Q2 Q2
London £317,852 4,088,954 £77,734
Inner London £216,073 2,501,797 £86,367
Outer London £101,779 1,587,157 £64,126
  • 45% believe the Government has taken the necessary steps to boost economic growth in their region
  • 48% believe greater devolution of powers would boost economic growth in their region
  • 59% believe an increase in transport & infrastructure spending would boost economic growth in their region
  • 28% want freedom to set living wage
  • 20% said that building more homes was the number one priority for improving the city’s growth

*Gross Value Added (GVA) percentage growth covering 8 years between 2008 – 2015

Data and analysis provided exclusively by Cebr

Each region has been colour coded according to growth in the previous five years

Andrew Watson

Andrew Watson

Head of Business Legal Services at Irwin Mitchell's London office

"In 2016, the financial and insurance services sector contributed over £124 billion in output to the national economy but it is facing some significant challenges, including the loss of passporting, which is almost certain to happen. “The loss of freedom of movement upon leaving the single market could limit the availability of skilled European labour and significantly hamper the UK's financial sector, in particular the fintech sub sector."

Chris Rawstron

Chris Rawstron

Head of Corporate at Irwin Mitchell

"It is a challenging time for many businesses and although many remain nervous as a result of the economic and political uncertainty, we are currently seeing a lot of organisations reviewing their strategic options and taking advantage of the acquisition opportunities that exist, particularly those which can bolster their domestic and international sales channels. We are also seeing some companies taking to opportunity to streamline their operations and disposing of non-core divisions."

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