Reading projected to outpace all other UK cities outside London over next five years, report EY

At Reading UK's 2017 Reading Economic Forum on 2 November,  EY previewed the latest growth forecast research for Reading and the Thames Valley economy and shared insights from a new study on the region.

Peter Arnold, Director, Economic Advisory at EY, said:  “EY ITEM Club’s region and city economic forecast shows that Reading is expected to top the UK growth league for both employment and GVA over the next five years. Reading’s strengths in the UK’s fastest growing sector – digital – explains this impressive performance.”

Reading's growth is forecast to top the UK growth league with average annual GVA (productivity) growth 3.8%  

"Reading demonstrates that UK cities can prosper in the modern knowledge-based economy."  The Information and Communications sector in Reading has twice as large a share of GVA than the national average. 

 

EY next 5 years graph