North Lanarshire economy boost
North Lanarkshire’s economy is one of the strongest and fastest growing in Scotland, according to the Office for National Statistics.
Gross Value Added (GVA), which is the measure of the value of goods and services produced, increased by 2.2 per cent between 2015 and 2016, rising from £6.38billion to £6.52billion.
Between 1998 and 2016 North Lanarkshire saw the highest level of total GVA growth (121.4 per cent) of all 32 council areas in Scotland.
Cllr Allan Graham, convener of North Lanarkshire Council’s Enterprise and Housing, said: “we are working hard to support businesses in our area as well as attracting new ones here through a variety of loans and grants. It’s clear from the latest statistics that this investment is paying dividends.”
Statistics show the following growth in industry sectors: Recreation, other services and household activities (7.8 per cent); distribution, transport, accommodation and food (6.8 per cent), real estate (4.8 per cent); information and communication (2.5 per cent).