Posted: Wed 8th Feb 2017

Newport’s Productivity Outstrips Other Welsh Cities

This article is old - Published: Wednesday, Feb 8th, 2017

An influential report published this week revealed that levels of productivity in Newport are higher than Cardiff and Swansea. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

Cities Outlook 2017, produced by Centre for Cities, examined important data from 62 cities in the UK. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

Its main focus was on exports to the EU and the rest of the world in the wake of the Brexit vote, but also at economic performance. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

One of the aspects Centre for Cities looked at was gross value added (GVA) which is the measure of the value of goods and services produced in an area. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

In Newport, the GVA per worker in 2015 was £45,600 compared to £44,800 in Cardiff and £42,800 in Swansea. The Newport’s figure was also better than some English cities. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

The report said that productivity and innovation are drivers of long-run economic growth. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

Councillor Debbie Wilcox, Leader of Newport City Council, said: “These figures show why Newport is a great place to do business. Our city has been through some very tough times as a result of the global recession, but we have a fantastic workforce that have a lot to offer employers. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

“Where the council is able to make a difference, we are doing everything we can to help make the city a better place to live, work and visit. We are full participants in the City Deal which will invest £1.2 billion in the south east Wales region, including Newport, over the next two decades.” ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​



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