Wednesday 12th August 2020
Home Regional Economic News

Regional Economic News

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, thanks partly to Cambridge’s thriving ICT and professional and financial services sectors, according to EY.

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.


Buoyant SME and housing sectors drive prosperity in the East

The East of England has grown more prosperous over the past year helped by high employment, a strong housing market and a buoyant SME sector and it remains the UK’s m...

Last Updated ( Thursday, 08 September 2016 08:55 )

Region's underylying growth stays strong in December

New business, output, new business and employment in the East of England private sector continued to grow in December, albeit at a slower rate, according to a survey o...

Last Updated ( Monday, 11 January 2016 17:08 )

Business confidence holds despite worries on export markets

Businesses’ confidence in the East of England for the first half of 2016 remains close to recent highs and well above the long term average although lower than six mo...

Last Updated ( Monday, 04 January 2016 18:21 )

Growth gathers pace in Norfolk & Suffolk

Suffolk and Norfolk’s economies together grew by 4.1 per cent in 2015, their fastest rate since 2010 and ahead of city regions such as Birmingham, Manchester and Shef...

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