NEWS RELEASE.....5th June 2009.....
SUSSEX REACHES THE TOP THIRD MOST PROSPEROUS REGIONS IN EUROPE
Sussex climbs to 62nd place in economic league table. Sussex is now the 62nd most prosperous region in Europe according to figures just released by Sussex Enterprise, the chamber of commerce for Sussex. Out of 215 European regions Sussex has jumped 28 places from its last position and has now overtaken other regions such
as Madrid, Hannover and Outer London.
The league table is based on figures compiled by Eurostat, the official Statistical Office of the
EU, which compares the economic output (GDP per inhabitant) of the European regions.
Sussex Enterprise uses these figures to put together a league table showing the economic
performance of Sussex in relation to the rest of the UK and Europe.
The latest GDP figure for Sussex is £45 billion a year, an increase of 12.5% above the previous year.
Mark Froud, Chief Executive at Sussex Enterprise said, “This is fantastic news for Sussex
businesses. In the past 10 years Sussex has jumped from 123rd to 62nd place; an indication
that local businesses are outperforming many of our UK and European neighbours. Despite
the current economic downturn these figures show that Sussex is in an excellent position to
continue thriving once we return to economic growth.”
Sussex is home to a diverse range of industries which all contribute to economic prosperity,
from large manufacturers to small creative firms many are excelling in their particular fields.
Sussex also benefits from its geographical position; our proximity to London, Gatwick Airport
and numerous ports provides ideal transport routes for business.
