Brexit and Exeter

The risks

Despite Exeter’s resilience and growth in recent years Brexit is a cause for concern.

Exeter has very strong ties with the EU market, with 70% of current exports heading to EU countries. Research* suggests that as a result of Brexit, Exeter will be the most affected area in Devon & Somerset:

  • A ‘soft’ Brexit will result in a reduction of 1.2% in gross value added
  • A ‘hard’ Brexit a 2.4% reduction in gross value added.

  

Exeter’s success story

Exeter’s economy is growing and is part of the leading pack of cities who’s economies have grown by at least 20% since 2011 along with; Aldershot, Oxford, Cambridge and London.

Productivity per full time job in Exeter is roughly 30% higher than the Local Enterprise Partnership area average.

 

* conducted by the London School of Economics and the Centre for Cities

When this content has been updated

Last updated 7 May 2019