Building Back Britain launches the Productivity Potential Index

In its inaugural report, the Building Back Britain Commission publishes new research into the drivers of productivity for every local authority in England.

 

We have identified five pillars that can act as enablers or barriers to productivity, affecting people's lives, their working patterns and the places they reside. These are: Health & Social Care, Education & Skills, Digital Infrastructure, Housing, and Transport.

 

As well as helping policymakers to identify how to boost investment for growth across the country, this research shows where local authorities in England have the most mixed performances across these pillars. While they may be succeeding in some areas, others are holding them back from reaching their full potential.

 

We find that a 1% increase across 146 local authorities with ‘high productivity potential’ can generate an additional £82 billion in GVA for the UK economy over the next five years.

 

The Commission will use this research as it phases into the next stage of its engagement, which will now focus on the policy recommendations that can support a strong and investment-led business environment needed for the economy to grow in every part of the UK.

 

Please see here for the full report, and here for the interactive map for our 'Productivity Potential Index'.