'Major boost' - new nuclear plant could transform Suffolk's struggling economy
Oxford Economics predicts that the new nuclear plant at Leiston will boost the county's performance by 22% by 2050 compared to a baseline forecast.
It says its Gross Value Added (GVA) growth will beat the average across the UK's 12 regions as a result of the activity generated.
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A CGI of Sizewell C (Image: Sizewell C)
The Oxford Economics report describes the county as facing " a challenging outlook", but suggests that the power plant could turn the tide, closing its productivity gap with the rest of the UK.
Without the plant its growth outlook is weak, it suggests.
It cites the main reason for the gap as the county's less productive activities such as administrative services, wholesale and retail trade, human health and social work and hospitality.
This is compounded by an overall underperformance within sectors - as overall Suffolk's industries are less competitive than in other parts of the UK, it says.
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