It means that Cheshire and Warrington now boasts a £30.9bn economy, with every person in Cheshire and Warrington producing goods and services worth an average of £33,384 per year – almost 40% higher than the North West average and 21% higher than the UK average.
Cheshire East has the highest level of output per head in the sub-region at £36,292, with Warrington appearing in the same statistics as the most productive town in the North.
Christine Gaskell, chair of the Cheshire and Warrington Local Enterprise Partnership (LEP), said: “Cheshire and Warrington’s progress continues to be remarkable and our economic success reflects not only the excellence that exists in the region, but also the wealth of opportunity here to establish and grow enterprise. What is most pleasing is that we have now broken through the £30bn per annum barrier, an important milestone in our ambition of growing the economy to more than £50bn by 2040.”
She added: “During the course of 2018 we have been consulting with businesses, public partners and civil society and mapping our economic strengths to inform our developing strategy to maximise our contribution to UK productivity and to ensure we keep growing to the benefit of everyone who lives and works in Cheshire and Warrington. These forthcoming events over the next three months will test our initial thoughts on our direction and the latest ONS figures will help inform the conversations we have with our stakeholder community as well as generate confidence in our collective approach.”