Eden, Cumbria, The Lake District – A natural choice for business

Cumbria’s economy continuing to grow strongly

07 July 2015

Cumbria's economy continues to grow strongly, according to the latest Royal Bank of Scotland (RBS) Regional Growth Tracker.

The quarterly index charts economic output across the country.

It says that west Cumbria’s economy grew by 3.2 per cent in the year to March, while east Cumbria grew by 2.6 per cent.

Growth for the north west as a whole was 3.0 per cent, making it is the fastest-growing UK region outside London.

Steve Lewis, regional director for RBS, said: “It is great to see such strong results in the north west.

“This comes as little surprise given the strength of business performance we are seeing across our the full range of our portfolios.

“Mergers and acquisitions activity continues to be strong, indicating business confidence remains high, whilst retailers are benefiting from buoyant consumer markets.

“This is leading to an increase in customers looking for new bank and loan facilities.

“Overall, we expect to see these growth trends continue with the stable economic environment and current good investment conditions set to prevail for the remainder of the year.”

View the whole article here http://www.newsandstar.co.uk/news/business/cumbria-s-economy-continuing-to-grow-strongly-1.1221833