Manufacturing revival in towns and rural and coastal economies could help unlock £70bn in economic output - CPP

Manufacturing revival in towns and rural and coastal economies could help unlock £70bn in economic output – CPP

Posted on 10 May 2023 by The Manufacturer

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Economics thinktank the Centre for Progressive Policy (CPP) is calling on the government to adopt a new strategy to drive fair growth and revive the fortunes of the UK’s towns and rural and coastal economies by attracting more investment by the private sector.

Analysis by CPP in its new report, Open for Business, identifies 95 ‘pockets of potential’ – hotspots of highly productive local industry across eight sectors based in 72 underperforming local economies. CPP estimates that if the areas identified secured levels of business investment in line with their potential, it would attract £70.2bn into the UK…

Manufacturing revival in towns and rural and coastal economies could help unlock £70bn in economic output – CPP

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