New official figures show that Hertfordshire was the sixth highest performer among national Local Enterprise Partnership areas for economic growth in 2013.
The latest data from the Office for National Statistics reveals that for the Hertfordshire LEP area, the economy grew by 3.9 per cent in 2013, behind England’s three largest cities Manchester, Birmingham and London.
The top five LEP areas which achieved the highest annual growth rate in 2013 were:
1. Greater Manchester 4.6 per cent
2. Black Country 4.5 per cent
3. Greater Birmingham and Solihull 4.3 per cent
4. South East Midlands 4 per cent
5. London 4 per cent
Hertfordshire LEP also scored well when it came to Gross Value Added, which is the official measure of economic output, per head output for 2013 when it ranked seventh out of the 39 LEP areas.
The Office for National Statistics figures also showed that overall the subregions with the highest levels of productivity in the UK are typically found in either the London or South East regions of England or in Scotland. Thames Valley Berkshire had the highest productivity level among the Local Enterprise Partnerships in England in 2013, ahead of London LEP.