The North’s economic powerhouse, Cheshire and Warrington produces 20% more output per person than the UK average.
Latest figures show that the area’s economy grew by 6% in the last 12 months for which we have data, to just under £30 billion per annum, with plans well underway to achieve a £50 billion economy by 2040, supported by 120,000 new jobs and 127,000 new homes.
The area also produces 25% of the North West’s manufacturing output, worth £6.5 billion a year. The region's economy is already built on strong foundations. Some of the world's biggest companies have already recognised Cheshire and Warrington's strengths with Bentley Motors, AstraZeneca, Tata, Essar Oil and Barclays among the blue chip names with a base in the region.
The region excels in high growth sectors including advanced manufacturing, which is growing at three times the national average, life sciences, finance and business services, energy and chemicals.
The Cheshire Science Corridor is home to some of the most significant science assets in the UK, with strengths in advanced scientific analysis and research, pharmaceuticals, research and development and manufacturing, chemical engineering, energy and nuclear engineering, radio-astrophysics and astronomy.
The area’s success is supported by its excellent national and international transport connections. The M6 and M56 motorways provide a quick, convenient link to the rest of the UK, while the region’s two airports, Manchester and Liverpool John Lennon, together handle over 30 million passengers each a year.