Figures from 2019 showed that more residents here were engaged in the economy with an economic activity rate of 80% compared to 78.2% nationally.
80% economic activity rate compared to the 78% national average
There are traditionally low levels of benefits dependency based on claimant counts within our working age population.
Significant sectoral strengths
We have significant sectoral strengths in advanced manufacturing with specialisms in metals, machinery and automotive, particularly light weighting and composites, as well as business and professional services and food and drink, especially in meat and dairy processing.
And we have emerging, nationally important strengths in environmental technology, cyber security and resilience, agri-tech, and innovative health and social care.
Overall, our productivity is lower than the UK average at £27.76 per hour worked, compared to £33.99 nationally, and has been relatively static since 2004.
The productivity challenge is not unique to the Marches, but does reflect our demographics, skills and physical and digital connectivity. We will continue to support innovation and investment to improve productivity.