Partner Article

Greater Manchester LEP area has country’s highest economic growth rate

Data obtained from a recent Office for National Statistics (ONS) release show that Greater Manchester experienced growth of 4.6% (£2.5 billion) in 2013 - the highest growth rate of all LEPs in England; exceeding both London’s GVA growth of 4.0% and 4.3% in Birmingham.

In 2013, GVA in Greater Manchester was recorded as £56.3 billion, rising from £39.5 billion in 2003 and representing an increase of £16.8 billion (42.5%) over the decade.

Director of research at New Economy, John Holden, said: “It’s excellent news that Greater Manchester has emerged as the country’s strongest economic performer when compared with other Local Enterprise Partnership areas.

“Given the size of the city region’s economy, this confirms that Greater Manchester is one of the UK’s most e significant growth zones.

This was posted in Bdaily's Members' News section by Sophia Taha .