The South West region will return to moderate growth over coming years, matching the South East and Northern Ireland as the UK’s joint-second fastest-growing regional economy, according to the EY Regional Economic Forecast.
The South West, with the South East and Northern Ireland, is projected to record average annual GVA growth of 1.6 per cent between 2025 and 2028, level with the UK average and slightly behind only London and the East of England.
However, this economic momentum will take time to build and the South West’s growth is expected to remain muted in 2025.
Read the full report here.