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East of England Regional Economic Strategy

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East of England: Space for Ideas

Inventing our future

Collective action for a sustainable economy

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  • Getting growth back on track
 
 

Where are we now?

  • The purpose of the regional economic strategy
  • Policy context
  • Long-term trends and strategic challenges
    • 1Getting growth back on track
    • 2Improving economic performance across the region
    • 3Competing globally
    • 4Remaining innovative
    • 5Improving skills
    • 6Embracing change
    • 7Providing the right infrastructure
    • 8Ensuring quality of place
    • 9Managing environmental impact
 
 

Long-term trends and strategic challenges

Getting economic growth back on track in the East of England

The East of England’s economy has been successful over the past 20 years and this has contributed to the attractiveness and population growth in the region. However, continued economic success is not guaranteed. For the past five years, the East of England's economic growth rate has lagged behind the national growth rate, as shown at Figure 2. Despite having one of the highest long-term economic growth rates amongst UK regions, recent performance is a cause for concern.

The main challenges for the East of England are to raise rates of productivity growth, increase entrepreneurship and to better manage the impacts of economic success in terms of economic participation and environmental quality.

For information on sources of data used within 'Long-term trends and strategic challenges', please see the evidence base: part 1 section 2, 'Economic performance of the East of England'
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Figure 2

The economic growth rate of the East of England has fallen below the average UK rate since 2002 (where the UK average growth rate = 100) View enlarged version

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