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Northern Powerhouse economic blueprint to add £97bn and 850,000 jobs

A REVOLUTION in digital technology, health innovation and advanced manufacturing is predicted to add £97bn and 850,000 new jobs to the  economy in the North by 2050.

The transformation is forecast in the Northern Powerhouse Independent Economic Review, published today (Thursday June 30).

The major review outlines the way the North could be key to closing a major gap in productivity, generating new jobs and enhancing global competitiveness.

John Cridland, the chair of Transport for the North said: “This review clearly identifies that, if the right investment and focus is put into these capabilities, and the infrastructure is there to support them, then 1.56m new jobs could be generated by 2050.

“Close to a million (850,000) of these will be directly attributable to the success of the Northern Powerhouse and we would expect productivity (GVA) to be 15% higher than currently which, in itself would represent a major step-change for the North.”  Read More