Rural economy set to outperform that of urban areas

The Business Barn

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Positive news for the industry, but it does suggest diversification is a key consideration.

Over the next four years, the UK’s rural areas are predicted to see their economies grow more quickly than urban locations according to a new report.

The report, researched and written by the Centre for Economics & Business Research (Cebr), indicates that if an amended version of the Government’s Withdrawal Agreement can be agreed and a transitional arrangement put in place until at least 2021, urban gross value added (GVA) growth by 2023 will increase to 1.6% annually, while rural areas will see growth of 1.7%.

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