Exeter is expected to be the city with the fastest growth in Q4 2023 with resilience to the cost-of-living crisis recession, and 1.3% annual GVA growth forecast. This is up from 0.9% growth estimated in Q4 2022, and puts Exeter in eighth place on the city tracker table for GVA growth in that quarter.
Annual employment growth of 1.7% is expected in Q4 2022 and Q4 2023. In recent years, there have been large infrastructure investments in Exeter, and the city is prioritising carbon reduction for investment in the future. The Net Zero Exeter 2030 plan identifies projects needed to meet the ambition of a carbon-neutral city, requiring £200 million in investment.
With such a large travel-to-work area, this is great news for the region. To read the full report please click on - https://irwinmitchell.turtl.co/story/uk-city-tracker-report-2022-irwin-mitchell/page/1