A new report by the Centre for Progressive Policy (CPP) identifies high-potential industries based in underperforming areas, where increased business investment could unlock billions in economic output. Analysis by CPP identifies 95 ‘pockets of potential’ – hotspots of highly productive local industry across eight sectors based in 72 underperforming local economies. CPP estimates that if the areas identified secured levels of business investment in line with their potential, it would attract £70.2bn into the UK economy – around 3.8% of national GVA.
