The New Anglia area is currently the 13th largest sub-regional economy in England, contributing some £35.5bn to UK plc across agriculture, production, manufacturing and services. It is also the 2nd largest predominantly rural economy, behind only neighbouring Cambridgeshire. If Norfolk and Suffolk were an EU member state, they would still have an economy larger than 16 other member states.
The local economy is growing faster than a number of ‘powerhouse’ areas, including Greater Manchester and Leeds, as well as established London growth corridors such as Hertfordshire and Coast to Capital. The local economy is also accelerating faster than the national average (excluding London).
This lesson is about industries and sectors in Suffolk, as well as Labour Market Information (or LMI) which is data about the nature and operation of the labour market.