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Exeter is set to be one of the UK’s fastest growing cities over the next three years.
Exeter's growth forecast is at 1.8%, according to EY’s Regional Economic Forecast. That's a fraction above the UK average of 1.7%. Exeter comes in at number eight on the list, behind fellow South West city, Bristol (2.0%) at four. Three other cities outside of London top the chart for GVA growth: Reading (2.3%), Manchester (2.2%) and Birmingham (2.0%).
Mark Gregory, EY chief economist said that the main drivers for the expected growth for Exeter is down to the strength of its IT, professional services and energy, particularly renewables.
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