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Cheshire and Warrington’s economy continues to accelerate

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Cheshire and Warrington’s economic performance has improved again, with official figures showing the sub-region is currently enjoying better growth than anywhere else in England.

Data recently published by the Office for National Statistics shows that Cheshire and Warrington’s economy grew faster than anywhere else in England, with the highest growth of any local authority in England and Wales being achieved by Cheshire West and Chester.

It means that the Cheshire and Warrington region now boasts a £30.9bn economy, with each person in Cheshire and Warrington producing goods or services worth an average of £33,384 per year.

This is almost 40 per cent higher than the North West average, and more than 21 per cent 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 listed as the most productive town in the North.

Christine Gaskell, chair of Cheshire and Warrington Local Enterprise Partnership (LEP), commented: “Cheshire and Warrington’s progress continues to be remarkable.

“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.”

The latest ONS numbers come as the LEP prepares to launch a series of events across the sub region to promote its Local Industrial Strategy.

Christine 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.”

 

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