Finding opportunities in the UK economy

Hammered by Brexit uncertainty, government paralysis, and increasingly uncertain Global trade, the UK economy has struggled for growth in recent years. However, some regions are powering ahead while others stagnate.

Plimsoll, the UK’s leading provider of individual market studies, has pulled together analysis from their 1600 different market studies to show which UK regions are enjoying the highest growth and which are struggling to expand.

These figures take into account all major UK industries and the key companies within them. There are some surprises in the findings such as County Durham with its robust 5% while others, such as the City, were perhaps to be expected.

Top 10 fast-growing regions

County

Average Growth

Northern Ireland

6%

Cheshire

5%

City of London

5%

Cornwall

5%

County Durham

5%

Gloucestershire

5%

Herefordshire

5%

Lincolnshire

5%

Somerset

5%

Warwickshire

5%

 

The slowest growing county, Oxfordshire, is growing three times slower than the fastest. Is the increasingly commuter based nature of the county to blame for its low growth? While County Durham made the Top 10 fast growth list, neighbouring North Yorkshire struggled at almost half the growth rate. Which industries in County Durham are driving these better results?  

Top 10 slowest growing regions

County

Average Growth 

Kent

3%

Norfolk

3%

North Yorkshire

3%

Surrey

3%

West Sussex

3%

Wiltshire

3%

Worcestershire

3%

Scotland

3%

Wales

3%

Oxfordshire

2%

 

These growth rates are influenced by the makeup of the local economy, it’s predominant sectors. However, investors looking for growth opportunities in the UK economy should be looking at the regions first.

Plimsoll produces over 1600 industry-specific studies. In each study, the leading companies are valued, assessed on their financial health and rated for takeover potential. In summation, each industry analysis includes a comprehensive market overview that alerts you to the latest trends, the areas of opportunity and other key intelligence to help you make better decisions.

Please visit www.plimsoll.co.uk to see what Plimsoll is saying about the industries that matter to you.

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