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Our Quarterly Report

UK Powerhouse

Our UK Powerhouse campaign tracks regional economic growth across the country and offers expert policy recommendations for the future. Download our latest quarterly report to read access our most up-to-date insights.

We launched UK Powerhouse with Cebr in October 2015 to follow the launch of George Osborne’s Northern Powerhouse initiative. Northern Powerhouse was designed to foster regional growth outside the capital but we felt that the scope could have been broader. As such, our Powerhouse reports cover the whole of the UK – not just the North.

As the government’s economic policies have evolved, so too has our Powerhouse campaign. We have increased the number of locations examined and introduced a focus on strategically important industry sectors.

When you download our quarterly report, you will have access to:

  • Statistics and analysis for the overall UK GDP, labour market and other key metrics
  • City-level breakdown comparing growth across the nation from Plymouth to Aberdeen
  • Sector deep dive highlighting prime growth opportunities in different industries

Please contact us today if you would like to know more about how our business legal team can help you take advantage of the information provided in this report.

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Regional Focus: South East

Our latest report shows that the renowned university city of Cambridge continues to benefit from several industrial parks, which are leading the way in fields such as wireless technology, display technology and mobile telecommunications. The city’s proximity to London also benefits businesses, as the capital city remains the economic hub of the nation.

Milton Keynes and Oxford are expected to grow at 2.0% annually in Q4 2018. The report says these cities are leaders for innovation, and adds that Milton Keynes is a frontrunner in the UK for technology, being home to several tech start-ups.

Sector Focus: Education

The UK education sector makes a significant contribution to economic growth. Schools, colleges and universities are large employers, attracting skilled workers to our towns and cities.

Universities in the UK have the greatest impact, shaping future world leaders and being major platforms for cutting edge research and innovation. Among the benefits that universities bring to their local areas are high levels of employment, support for local businesses, skilled graduates and a source of economic growth.

London is the city with the largest GVA for education, at £4.8 billion, which makes up 5% of the capital’s GVA. London is also the largest education employer, with 450,000 staff employed by the education sector in the capital.

“This report highlights the size of the education sector and the sheer scale of the number of jobs that the education sector provides,” says Irwin Mitchell senior associate, Samantha Clark.

“It is notable now how reliant on education local economies have become, with education accounting for 10% or more of GVA in some locations. With Brexit soon upon us, we need to find ways to ensure that markets are not closed to this key sector.”

Education Sector Recommendations

With the help of Cebr, we have developed a series of policy recommendations for the government to support the major contribution to economic growth made by the education sector:

  • Engage universities in the work of Local Enterprise Partnerships, particularly in support for innovation
  • Help cities with a strong outflow of graduate age workers to retain talent and provide incentives for graduate recruiters to hire more in those areas
  • Improve infrastructure to optimise the movement of workers between cities
  • Introduce large-scale affordable housing projects to appeal to graduates

Download PDF Report