Productivity and Skills Commission
WMCA Productivity & Skills Commission Supporting Evidence Pack November 2016 Slide 3 – WMCA Productivity Problem Statement Slide 4 – Output Gap Analysis Slide 5 onwards –Sector Scorecards covering 7 Transformational Sectors: Advanced manufacturing and engineering; Business, professional and financial services; Construction (building technologies); Digital and creative; Lifesciences and health care; Logistics and transport technologies; Low carbon and environmental technologies. - The Sector Scorecards include: • An analysis of the sectors and sub sectors in terms of GVA, jobs and Businesses – current and ambitions levels • Identification of the top 50 companies in each sector and an high/medium/low value added impact analysis • Foreign ownership analysis WMCA Productivity & Skills Commissions – the Problem Statement P1 – On all Measures of Productivity Performance of the WMCA is below the National Average Output Gap P1.1 There is a £14bn Output Gap - GVA per head in the WMCA is currently at £19,423 – which is nearly £3,500 less for each of the 4 million WMCA residents leading to a £14bn output gap compared to the national average. Sectoral Variation GVA Jobs GVA per employee (£m, 2013) (2013) (2013) WMCA WMCA % % WMCA UK Total Total Total 77,727 1,899,264 £40,925 £45,428 Business, Professional and Financial Services 19,731 25.4% 317,503 16.7% £62,144 £77,324 Retail 11,078 14.3% 316,277 16.7% £35,026 £35,811 Public Sector inc Education 10,802 13.9% 318,104 16.7% £33,956 £37,370 Advanced Manufacturing and Engineering 8,572 11.0% 184,156 9.7% £46,545 £49,267 Logistics and Transport Technologies 7,266 9.3% 152,794 8.0% £47,555 £48,283 Life Sciences and Healthcare inc.
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