The Region Sample Clauses

The Region. The Mid Wales economy is often characterised as a large and predominantly rural region, comprising 34% of the land mass of Wales. It is known for its natural beauty, strong cultural identities, and heritage. It is less well-known as a land of untapped economic opportunity - where business survival rates outclass the Welsh average; where our natural and academic assets offer an obvious choice for cutting-edge research providing strong opportunities to create new industrial clusters, where there is a strong yet diverse labour market – with strategic commuter links within and outside the region to other parts of Wales and cross-border into England. Mid Wales is home to just over 200,000 residents and contributes £3.6 billion in Gross Value Added (GVA) (equating to £17,509 per head or £34,438 per job) to the UK economy each year, representing 5.5% of the Welsh economy3. The contribution of Mid Wales to the national economy has remained almost constant for the last twenty years. Mid Wales is characterised by an ageing population and a net out-migration of young people. Since 2008, the region has seen an overall decline in its population of around 1.2%. Powys records the lowest performance in terms of GVA per hour worked across all areas of the UK, lagging significantly behind the rest of Wales (82% of Welsh average) and the UK (65% of the UK average). GVA Per Head £35,000 £30,000 £25,000 £20,000 £15,000 £10,000 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 Mid Wales UK Source: ONS, Regional GVA and ONS, Mid-year population estimates The drivers of these trends are complex and mainly due to employment structure including seasonal employment and the presence of low value-added sectors across the region. The largest contributors by sector to the region’s GVA are real estate, health, manufacturing, and wholesale and retail. This contrasts markedly with the employment breakdown in the region which shows the dominance of agriculture which is high in employment terms but delivers low GVA to the Mid Wales economy.
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The Region. North Wales is known for its beautiful landscapes, its history, heritage, culture and it has the highest proportion of Welsh speakers in Wales at an estimated 41.9%1. North Wales is home to nearly 700,000 residents and contributes £14.2 billion to the UK economy each year,2 representing 22% of the Welsh economy.3 In North Wales, the population is projected to increase by 2.1 per cent in the 2018-2028 period, and 3.1 per cent in the 2018-2038 period. North Wales has an ageing population. The total GVA in North Wales in 2018 was £14,239million, up 4.1 percent over the previous year, which accounted for 21.9 percent of Wales total GVA (£65,089million) and 0.8 percent of UK total GVA (£1,892,681million) in that year.4 Within North Wales, there are wide variations in GVA per capita, with particularly weak productivity on the Isle of Anglesey (53% of the UK average) but stronger performance in Flintshire and Wrexham (both of which are 81% of the UK average).5 This is also reflected in average earnings, which lag behind the UK average. Indeed, some local authorities in the West have the lowest earnings in Wales and the UK. For the year ending 00 Xxxx 0000, Xxxxx Xxxxx had the highest employment rate and lowest unemployment and economic inactivity rates of the Welsh regions6. However, there is a greater need in the region for high value employment opportunities. North Wales has a number of areas that are within the top 10% most deprived areas in Wales. Many of the most deprived areas are based in rural communities. There remains a persistent and widening productivity gap between North Wales and the UK with wide variations in GVA (Gross Value Added) per capita across the region. Addressing this productivity gap and disparities within Wales is an important priority for the Growth Deal. North Wales has a diverse economy with key sectors being manufacturing, energy and tourism as well as public sector jobs. The public sector accounts for nearly a quarter (24.7%) of the region’s GVA. A fifth (20.3%) of the economy is accounted for by manufacturing, 1 Welsh Government – Summary Statistics for Welsh economic regions: North Wales, May2020 2 Measured by Gross Value Added (GVA). Source: ONS, 2018 data. 3 xxxxx://xxxxxxxxxx.xxx.xxxxx/Catalogue/Business-Economy-and-Labour-Market/Regional-Accounts/Gross- Value-Added-GDP/gva-by-measure-welsheconomicregion-year 4 xxxxx://xxxxxxxxxx.xxx.xxxxx/Catalogue/Business-Economy-and-Labour-Market/Regional-Accounts/Gross- Value-Added-GDP/gv...
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The Region. North Wales is known for its beautiful landscapes, its history, heritage, culture and it has the highest proportion of Welsh speakers in Wales at an estimated 41.9%1. North Wales is home to nearly 700,000 residents and contributes £14.2 billion to the UK economy each year,2 representing 22% of the Welsh economy.3 In North Wales, the population is projected to increase by 2.1 per cent in the 2018-2028 period, and 3.1 per cent in the 2018-2038 period. North Wales has an ageing population. Between 1998 and 2018, the proportion of the population aged 65 and over has increased from 18.5 per cent to 23 per cent, while the proportion of the population aged 15 and under has fallen from 19.8 per cent to 17.8 per cent4. The profile of young people in the region aged 14-18 has remained flat for a decade but is projected to increase from 2020, meaning the region must consider the skills and employment opportunities to service this growing demographic. Economic performance has been resilient following the financial crisis and during the period of austerity, with real5 GVA increasing by 20% since 2009. This is compared to 14.9% increase in the Swansea Bay City Region and 12.6% increase in the Mid-Wales Growth Deal area. The total GVA in North Wales in 2018 was £14,239million, up 4.1 percent over the previous year, which accounted for 21.9 percent of Wales total GVA (£65,089million) and 0.8 percent of UK total GVA (£1,892,681million) in that year.6 Within North Wales there are wide variations in GVA per capita, with particularly weak productivity in the Isle of Anglesey (53% of the UK average) but stronger performance in Flintshire and Wrexham (both of which are 81% of the UK average).7 This is also reflected in average earnings, which lag behind the UK average. Indeed, some local authorities in the West have the lowest earnings in Wales and the UK. For the year ending 00 Xxxx 0000, Xxxxx Xxxxx had the highest employment rate and lowest unemployment and 1 Welsh Government – Summary Statistics for Welsh economic regions: North Wales, May2020 2 Measured by Gross Value Added (GVA). Source: ONS, 2018 data. 3 xxxxx://xxxxxxxxxx.xxx.xxxxx/Catalogue/Business-Economy-and-Labour-Market/Regional-Accounts/Gross- Value-Added-GDP/gva-by-measure-welsheconomicregion-year 4 Welsh Government – Summary Statistics for Welsh economic regions: North Wales, May2020 5 i.e. inflation-adjusted. 6 xxxxx://xxxxxxxxxx.xxx.xxxxx/Catalogue/Business-Economy-and-Labour-Market/Regional-Accounts/Gross- V...
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