Inventing our future Collective action for a sustainable economy

Where do we want to be?
Headline regional ambitions
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Overarching ambitions for sustainable economic development
Productivity and prosperity
Annual growth in real workplace-based GVA over 2008 – 2031
Per capita 2.3 per cent
Per worker 2.1 per cent
Employment
Employment rate by 2031
Working-age population 80 per cent
16–74 population 70 per cent
Skills
Share of working-age population with qualifications by 2020
(aged 19 to state pension age)
NVQ level 2 or equivalent qualification and above 90 per cent
NVQ level 3 or equivalent qualification and above 68 per cent
NVQ level 4 or equivalent qualification and above 40 per cent
Inequality
Earnings
Level of lower-quartile to average incomes by 2031 60 per cent
Greenhouse gases
End-user-attributed CO 2 emissions by 2031
Reduction on 1990 baseline level 60 per cent
Water resources
Household per capita consumption of water
Reduction on 2008 baseline level by 2030 20 per cent
Per capita consumption in 2030 120 litres*
*per head per day
Productivity and prosperity
If growth in output per worker increased to just 2.1 per cent each year,
by 2031 real GVA per head would be over 70 per cent higher than today.
Workplace-based gross value added (GVA) measures the total economic
output of the region. On a per capita basis it is a key indicator of material
prosperity. On this measure, the East of England is less prosperous than
many other European regions with similar populations and industrial
structures.