New research has revealed the most financially productive areas in the UK, with Berkshire ranking in sixth place nationally.
The study, compiled in collaboration with global fintech group Plus500, looked at data the Office of National Statistics between 2004 to 2021.
It focused on the figures of Gross Value Added (GVA) per hour worked in the UK, which represents the value of goods and services produced in an area, industry, or sector of an economy.
It is one of the most important indicators of regional economic performance.
The report noted there are 97,711 businesses in Berkshire, of which 45,175 (46%) are registered for VAT and/or PAYE.
Business survival rates are slightly higher in Berkshire than the national average, with 42.4% of Berkshire firms ‘born’ in Berkshire in 2015 surviving for at least five years, compared with 39.5% nationally.
The largest portion of Berkshire’s GVA, a total of 23.6%, is from the information and communication sector, a rapidly growing industry.
There are also 10 FTSE 100 companies based in Berkshire, which help provide value to the area.
Tower Hamlets was found to be the most financially productive area in the UK, with £71.90 GVA per hour.
Nearby North Hampshire was ranked third in this list, with a GVA of £60.20.
