Monday 19th March 2018
Home General Business News

General Business

Cambridge tech and professional services set to bolster region’s growth

The East of England economy is set to grow slightly faster than the national average over coming years in the light of the Chancellor’s Spring Statement this week, thanks partly to Cambridge’s thriving ICT and professional and financial services sectors.

Commenting on the statement, Stuart Wilkinson, partner at EY in Cambridge, said: “Our research shows that in the East of England we are predicted to grow at an annual GVA growth rate of 1.7 per cent to 2020.

With over 50 per cent of Cambridge’s growth in the next three years forecast to come from ICT and professional services, investment in these areas will be vital to maintaining this trajectory ….the more a region is exposed to ICT and professional and financial services, the faster the growth tends to be, as those sectors continue to drive the economy.” The Office of Budget Responsibility forecasts with the Spring Statement predict a slowing in gdp growth from 1.7 per cent in 2017 to 1.3 per cent in 2020.

Last Updated ( Thursday, 15 March 2018 09:58 )


Strong start to year prompts manufacturers to invest more

Investment plans at manufacturers in the East of England have risen for the fourth quarter running after firms have seen a strong start to 2018 thanks to strong global ...

Slowdown in construction sector knocks business confidence

Business confidence in the East of England fell in February as firms’ faith in their own prospects declined – particularly in the construction sector – in line wi...

Last Updated ( Wednesday, 28 February 2018 09:27 )

Zombie business numbers fall to record low in the region

The share of East of England companies only paying the interest on their debts – so-called ‘zombie’ businesses – has dropped to a record low of just 46,000 fi...

Last Updated ( Thursday, 15 February 2018 10:52 )

New institute at UEA planned to boost productivity

Plans to develop a new Institute of Productivity and an engineering centre at the University of East Anglia to help tackle skills shortages are to be outlined at an e...

Last Updated ( Thursday, 08 February 2018 09:57 )

  • «
  •  Start 
  •  Prev 
  •  1 
  •  2 
  •  3 
  •  4 
  •  5 
  •  6 
  •  7 
  •  8 
  •  9 
  •  10 
  •  Next 
  •  End 
  • »
Page 1 of 53