GVA per hour worked by the ITL3 UK regions in 2021 Notes: The reference productivity for the UK is the weighted average productivity of all the ITL3 regions included in the map. [...] To further illustrate the point, the distribution of the number of FDI projects for each ITL1 region data [based on the primary code of sector classification provided by Bureau van Dijk (BvD)] is displayed in Figure 2, focusing on the sectors with the highest volumes of inward greenfield investments. [...] Perhaps the most intriguing sector for our analysis is the computer products and electrical equipment sector, which exhibits low productivity on average in the UK and is characterised by high concentrations of assembly operations in low-wage areas alongside pockets of high- tech activity in the South East and East of England. [...] The four figures presented below illustrate the relationship between the growth of employment (x-axis) and growth of gross value added (GVA) (y-axis) across various sectors, with bubble size denoting the number of jobs created by the investment in a given sector. [...] The challenges posed have been highlighted by both the National Audit Office Report on inward investment promotion in the UK and the Harrington Review as well as a collaboration between TPI’s Midlands Productivity Forum and the CBI.
- Pages
- 14
- Published in
- United Kingdom
Table of Contents
- FDI Briefing 4 COVER 090524.pdf 1
- FDI Briefing 4 FROM INTRO 090524.pdf 3
- Highlights 3
- Introduction 3
- The trade-off - The challenge for levelling up 4
- A two-speed economy? 4
- Spatial differences in productivity 5
- Inward investment, productivity and levelling up 7
- An illustration of the nature of the problem 9
- Future research 13
