Portsmouth to get an economic boost '“Â thanks to Southampton's success
PORTSMOUTH is set to receive an economic boost thanks to neighbouring Southampton performing so well in the first three months of 2018, according to a new report.Â
The UK Powerhouse study, produced by Irwin Mitchell and the Centre for Economics and Business Research,Â estimates GVAÂ growth and job creation within 46 UK cities.Â
The latest report foundÂ that Southampton's GVA growth of 2.4 per centÂ in Q1Â made it the sixth best-performing city economy in the UK, with Portsmouth and Bournemouth also recording growth of 2 per centÂ and 1.7 per centÂ respectively.
In addition, Southampton'sÂ workforce grew by 1.9 per centÂ to reach 160,800.
Hannah Clipston, from Irwin Mitchell, said: '˜While SouthamptonÂ mayÂ be leading the way, there is plenty of evidence that Bournemouth and Portsmouth are also set to enjoy strong levels of growth in the coming months.'Â