The Greater Norwich economy has grown significantly in recent years and has further strong growth potential. Between 2011-2018 total employment is estimated to have grown by 14.5% (29,100 jobs). Amongst the sectors that have grown are: accommodation and food services; IT and communications; professional, scientific and technical activities; education; and, health and social work. The outlook for the local economy is extremely positive, but not all sectors have grown: agriculture, manufacturing and insurance have all seen a fall in employment levels.
Over the next few years the potential for growth will be enhanced by the recent opening of the Broadland Northway and planned improvements to the A47 and train services. The Greater Norwich authorities work with the New Anglia Local Enterprise Partnership (LEP) to help shape the economic growth and development of the area, and Greater Norwich has become one of the key ‘engines of growth’ in the region. Our economic advisers believe that the economy can continue to grow strongly, particularly in ‘high value’ sectors. This is reinforced by the LEP’s industrial and economic strategies and other plans to attract growth in high tech and knowledge-based industries such as life sciences, biotechnology, agri-tech, food and drink, creative and digital industries, and high-value engineering. Growth in these industries mean that Greater Norwich is well placed to play a role in the development of a post carbon economy, both locally and more widely. This growth is in addition to other locally important industries such as retail, tourism and financial services. The GNLP will support the creation of a range of employment opportunities, including high-quality, high-value jobs.