NEWS

County's economy sees highest growth in England

  • March 13, 2017
 

Published in today's issue of the Worcester News was a report of Worcestershire's economy 'coming up trumps' and enjoying the highest growth in England in a major boost for county decision-makers.

In the five year period from 2010 to 2015, the county's productivity rate grew by an annual average of three per cent. It managed to edge past 38 other parts of England with their own Local Enterprise Partnerships (LEPs).

Worcestershire's economy is now estimated to be worth £11.7billion after a sustained period of heavy private sector investment.

Productivity is measured by how efficiently workers create items ready for sale, based on the hours put in and is strongly linked with growth and innovation.

It comes after years of big success stories like the expansion of Malvern Hills Science Park, the new Gtech HQ in Worcester, the £22miliion Cathedral Square revamp, an engineering centre of excellence in Redditch and several extensive road developments.

Mark Stansfield, chair of Worcestershire Local Enterprise Partnership, said: "It is fantastic to see that Worcestershire is setting the standard. This highlights the exceptional quality of workforce that our companies benefit from, as well as the high level of innovation"

Full article can be seen in today's Worcester News!

 

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