Provisional GVA and GVA per head figures for 2015
In 2015, the Lancashire-14 NUTS-2 area had an overall provisional Gross Value Added (GVA) total of £29.013 billion, which was the third largest in the region, behind Greater Manchester (£59.606 billion) and Merseyside (£29.452 billion).
However, in terms of GVA per head, the Lancashire-14 NUTS-2 figure of £19,628 in 2015 was only 77.4% of the UK average of £25,351, almost a quarter lower. This was the second lowest figure in the region and the 11th lowest nationally (out of 39 NUTS-2 areas in the UK, excluding Northern Ireland).
Provisional yearly growth in GVA and GVA per head, 2014 to 2015
Between 2014 and 2015, the GVA total for the Lancashire-14 NUTS-2 area grew by a provisional 3.9% (unadjusted for inflation), which was the joint fifth highest percentage increase nationally and the joint highest percentage rise in the region. This was above the yearly increase in GVA of 2.9% provisionally estimated for the UK (less the Extra-regio component and statistical discrepancy).
Greater Manchester (3.9%), Merseyside (3.6%) and Cheshire (3.5%) were the other NUTS-2 areas in the North West to see percentage growth in GVA which was greater than the national average between 2014 and 2015. At the regional level, the North West saw the largest provisional percentage growth in GVA between 2014 and 2015 of 3.6%, increasing by £5,487 million.
Looking at GVA per head, the Lancashire-14 NUTS-2 area recorded the second greatest provisional percentage increase in the UK of 3.5% between 2014 and 2015, rising from £18,969 to £19,628. This was the highest percentage growth in the region.
Provisional growth in GVA and GVA per head since 1997
Over the longer period, between 1997 and 2015, the Lancashire-14 NUTS-2 GVA has fared less well, growing provisionally by 71.8% (unadjusted for inflation). This was the third lowest percentage increase for a UK NUTS-2 area and the lowest percentage rise in the region. Nationally, GVA increased by 98.4% (unadjusted for inflation), almost doubling since 1997.
Since 1997, GVA per head in the Lancashire-14 NUTS-2 area increased by 64.1% (unadjusted for inflation), the 11th lowest percentage increase nationally and the lowest within the region. Nationally, GVA per head grew by 77.6% over the period.
Provisional GVA and GVA per head for 2015
The former Lancashire NUTS-3 area, which covered the administrative boundary of Lancashire County Council (12 local authorities) was revised January 2015 and is now made up of four smaller NUTS-3 areas. The boundaries for the two NUTS-3 areas of Blackburn with Darwen and Blackpool have not been revised.
The Mid Lancashire NUTS-3 area, comprised of Fylde, Preston, South Ribble and Ribble Valley authorities, had the largest GVA total of £10.266 billion within the Lancashire-14 NUTS-2 area in 2015 and the fifth greatest regionally (out of 20 NUTS-3 areas in the North West). The Mid Lancashire NUTS-3 area accounted for 35.4% of the GVA total for the Lancashire-14 NUTS-2 area (£29.013bn), or more than a third.
Blackpool had the smallest NUTS-3 GVA estimate of £2.146 billion within both the Lancashire-14 NUTS-2 area and the North West region and had the 8th lowest GVA total out of the 173 NUTS-3 areas in the UK.
The Mid Lancashire NUTS-3 area had the greatest provisional GVA per head figure of £26,544 within the Lancashire-14 NUTS-2 area in 2015, falling in the top quarter of UK rankings, and the 6th highest estimate regionally. It was the only NUTS-3 area within the Lancashire-14 NUTS-2 area to have a GVA per head figure above the UK average of £25,351 (by 4.7%).
The Blackpool NUTS-3 area had the smallest provisional GVA per head estimate of £15,372 for 2015 within the Lancashire-14 NUTS-2 area, the third lowest figure regionally and the 9th lowest sum in the UK. The Blackpool figure was nearly two-fifths lower than the national average of £25,351.
Provisional yearly change in GVA from 2014 to 2015
The GVA total for the Mid Lancashire NUTS-3 area grew by the greatest percentage (6.5%) in both the Lancashire-14 NUTS-2 area and North West region between 2014 and 2015 (unadjusted for inflation), and by the fourth highest percentage in the UK (out of 173 NUTS-3 areas). The increase was more than twice the pace of the growth in GVA at the UK level (2.9%) over the year.
Lancaster and Wyre, that saw GVA rise by 3.6% over the year, was the only other NUTS-3 area within the Lancashire-14 NUTS-2 area where the GVA total grew by a larger percentage than the UK.
GVA for Blackpool (1.2%) grew by the lowest percentage in the North West and the Lancashire-14 NUTS-2 area, and fell in the bottom sixth of the UK NUTS-3 rankings.
Looking at GVA per head for the six Lancashire NUTS-3 areas, Mid Lancashire registered the second highest percentage growth of 5.9% in the UK between 2014 and 2015, rising from £25,061 to £26,544. GVA per head for the UK (less the Extra-regio component and statistical discrepancy) rose provisionally by 2.1% over the year.
The other five Lancashire NUTS-3 areas fell within the middle of the GVA per head percentage growth rankings. However, Blackburn with Darwen (2.7%) and Lancaster and Wyre (2.7%) NUTS-3 areas also recorded provisional GVA per head yearly growth figures that were greater than the UK (2.1%).
Percentage growth in GVA for all six of the Lancashire NUTS-3 areas fell within the lower half of the rankings between 1997 and 2015 (unadjusted for inflation), ranging between 85.4% and 48.5% (98.4% nationally).
GVA for Blackpool (48.5%) grew by the lowest percentage in the region since 1997 and recorded the sixth lowest percentage rise in the UK.
GVA for the Mid Lancashire NUTS-3 area grew by the greatest percentage (85.4%) of the six Lancashire NUTS-3 areas and fell half way down the UK NUTS-3 GVA percentage growth rankings. Mid Lancashire achieved the 10th highest percentage increase of the 20 NUTS-3 areas in the North West region between 1997 and 2015, some way off the increase estimated for the Manchester NUTS-3 area (141.3%).
The percentage growth in GVA per head for the six Lancashire NUTS-3 areas ranged between 72.3% and 54.8% since 1997 (national growth = 77.6%). Only Mid Lancashire fell in the top half of the UK rankings for growth in GVA per head over the period.
Blackpool recorded the lowest percentage growth in GVA per head (54.8%) since 1997 in the Lancashire-14 NUTS-2 area and the second lowest in the region after Sefton. GVA per head growth for Blackpool was ranked in the 33rd lowest position in the UK.
Page updated February 2017