Economic growth predicted for Cheshire | Knutsford Times

Economic growth predicted for Cheshire

By on January 31, 2018

Official figures, published by the Office for National Statistics, predict a ‘fantastic future’ for Cheshire and Warrington, enterprise chiefs believe.

The stats show that the region produced 20% a head than the UK average, with output gorwing by 6% between 2016 and 16 to just under £30bn a year – the second highest income per head for an region outside of London.

The data also shows that the area produces 25% of the north west’s manufacturing outfut, worth a staggering £6.5bn per year.

Christine Gaskell, chairman of the powerful Cheshire and Warrington Local Enterprise Partnership (LEP), said: “These figures confirm the strengths of the Cheshire and Warrington economy which is reflected in successes including the Cheshire Science Corridor Enterprise Zone which in its first 18 months has already created over 430 jobs, attracted nearly 30 business and over £8m of private sector investment.”

She suggests that ‘Cheshire and Warrington has a fantastic future as one of the UK’s leading places to live, work and invest’.

The LEP has ambitions to deliver a £50bn economy for Cheshire and Warrington by 2040 and to create 139,000 new homes and 127,000 new jobs in its 871 sq mile area.

About Lucy Thorpe

You must be logged in to post a comment Login