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.

 

How we can help

We are keen to learn from businesses what the local authority can do to encourage exports and reduce the impact of Brexit on local businesses.

In October 2017 we held our first international trade event aimed at local business who export their goods or services overseas. Speakers included the Heart of the South West Local Enterprise Partnership (LEP), Department for International Trade and a local business who is successfully exporting globally.

The event was deemed a success and it is our plan to hold more regular focus groups as Brexit negotiations develop.

If you are keen to be involved please contact Joe Walsh on joe.walsh@exeter.gov.uk who will arrange for you to be invited to the next event.

 

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 23 November 2017