Driving Hastings forward 01424 205481

Recent forecasts suggest that the East Sussex economy could expand by about £2,900 million gross value added (GVA) between 2013 and 2025. GVA is the value of goods and services produced in the area.

Over this period, between 18,270 and 25,490 jobs could be created which includes full and part-time as well as self-employed.  Sectors that are anticipated to grow at the fastest rate in terms of employment between 2013 and 2020 include construction and financial and business services. Manufacturing and government services are fastest to contract.

Sectors such as construction, accommodation and food services, information and communication and financial and business services are expected to grow at the fastest rates in GVA between 2013 and 2020. The East Sussex economy is expected to grow at the same rate as the South East with the only sector predicted to decline being mining and quarrying.

The construction sector however is forecast to recover and is expected to grow at a quicker rate in East Sussex compared with regionally.

In 2013, when many of these statistics were complied, there were 2,645 more business starts across the county than there were closures, which were just below at 2,100. This is the first time this has happened since the recession. Although this is a step in the right direction, it is far more delayed compared to the regional and national trends as business starts began to rise and exceeded closures in 2011.

The only exception was Hastings as this area managed to follow the national trend. The town presents successful survival rates with 45.3% of new businesses surviving for 5 years.

The information for this report came from East Sussex in Figures and this is from their latest economic update.

UK industrial output grew at its quickest rate for six months in March, official figures have indicated.

Output has risen by 0.5% from a month before, the Office for National Statistics (ONS) stated. The narrower measure of manufacturing output rose by 0.4% month-on-month, with figures revised up to 0.5% for manufacturing-laserFebruary.

Pharmaceutical products and preparations, manufacturing and repair, and rubber and plastics boosted manufacturing output. Going by a year-on-year basis, the total production output was predicted to have an increase of 0.7% in March 2015 compared with March 2014.

Two of the four main industrial sectors faced an increase, with manufacturing output being up by 1.1%. However, going on a quarterly basis, total production output was estimated to have risen by 0.1% between the October to December 2014 period and the January to March 2015 quarter.

The largest component of production, manufacturing, was estimated to have increased by 0.1% between these periods, as stated by the ONS. As well as this, a report from the National Institute of Economic and Social Research (NIESR) said its monthly estimated of UK GDP inferred that output grew by 0.4% in the three month ending in April. This was after the growth of 0.3% in the three months to March.

The University of Brighton and Locate East Sussex are delighted to invite you to their Business Growth by Design seminar on the role of design in innovation at the De La Warr Pavilion, Bexhill-on-Sea, East Sussex, on Tuesday, April 28, 2015.

Leading speakers will offer an audience of local businesses the latest insight into the ways in which good design, collaboration and innovative thinking can result in increased businesses success.

Business Growth by Design runs from 4.00pm to 6.00pm and is followed by an opportunity to network and discuss collaboration with complimentary drinks. Tickets cost £10 and must be booked in advance.

Please click here for more information or to book tickets.