Economic impact

Last Updated 11:47am, 10 June 2020

Introduction

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COVID-19 economic resilience

Local authorities in Devon have made a united call for more urgent government support for the county’s economy after a new report (published 2 April 2020) estimates that the coronavirus pandemic could place 123,000 jobs at risk.

Devon County Council, Plymouth City Council and Torbay Council, with input from business organisations and the Heart of the South West LEP, have presented the new Covid-19 Economic Resilience report to the Government’s Local Economies Advisory Panel.

The three local authorities are predicting a significant loss of £1.98 billion (12% GVA) and they are warning that recovery in our local communities will take longer than other parts of the UK.

Read the media release
Download the report: Devon, Plymouth and Torbay – Covid-19 Economic Resilience

Route Map to Recovery

The Heart of the South West LEP has now launched its Route Map to Recovery which outlines measures to help stimulate the economy across Devon, Plymouth, Somerset and Torbay through three phases: Restart, Revitalise and Grow.