COVID-19 Economic Impact Dashboard

 

Our COVID-19 Economic Impact Dashboard is a companion to the full Coast to Capital Coronavirus (COVID-19) Economic Impact Assessment (EIA), which can be found here.

 

The dashboard presents a summary of key impact indicators and has been updated with data covering the period of April 2021 to July 2021. In some cases, there was a publication delay of some datasets with some indicators having more recent updates.

 

 

 

 

Headline findings

 

  • Estimates suggest our gross value added (GVA) could have declined by up to 12% in 2020, compared to a 9.9% contraction in the UK 
  • Company insolvencies spiked between May and June 2021, seeing a 53% increase
  • High growth companies in Coast to Capital continued to see positive impacts from COVID-19 with a 14% increase in reports of positive impacts compared to March 2021
  • In July 4.4% of residents aged 16-49 were claiming work-related benefits, higher than the South East at 4.3% but lower than the national figure of 5.5%
  • Job postings in Coast to Capital increased by 16% between April and July 2021
  • Coast to Capital had slightly higher take up rates in all age groups of the COVID-19 vaccine compared to England rates for both first and second doses of the vaccine

 

Key indicators will be monitored on a quarterly basis and future updates will be published on this page.

 

Skills and Labour Market Impact Assessments

 

We have produced three reports assessing the impact of COVID-19 on skills and employment in the region. These are available in the related resources section of this page. As of August 2021, future Labour Market Impact Assessments will be incorporated into the quarterly economic impact dashboards.

 

Other COVID-19 impact research

 

Several of our partners across the region have also undertaken local research into the impact of COVID-19:

 

 

To follow our work on economic recovery planning please subscribe to the Coast to Capital newsletter

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