North West 'Unrivalled' in Manufacturing Services
9th December 2014
NORTH WEST "UNRIVALLED" IN MANUFACTURING AND FINANCIAL SERVICES
The North West "leads the way" in manufacturing and financial services, according to a new report by Deloitte.
A new study undertaken by the Big Four firm found that region's manufacturing industry is the most successful in the UK, while its financial services industry was named the fastest growing between 2011 and 2013.
The report also indicates that the North West is home to eight of the UK's 50 fastest growing companies, while its top 50 businesses have an average revenue of £183m, growing at almost 21 times faster than the national average
Richard Bell, practice senior partner at Deloitte in the North West, said: "The North West economy is recovering. Growth has returned and businesses are expanding, creating jobs and increasing investment.
"Much of that growth has come from a relatively concentrated group of fast-growing businesses, with the North West's manufacturing and financial services sectors taking the lead. The region is up there with the very best in the country, and it comes as little surprise to see that our top companies massively outperform the national average."
Nationally, 649 of the 1,000 fastest-growing medium-sized companies are based outside London and the South East, up 10 per cent on a year earlier.
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