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The South East has a Gross Value Added (GVA) of £158 billion (approx $290 billion / €230 billion). This is similar to that of Norway and Austria. |
With a population of eight million and a workforce of 4.2 million, the South East is the largest region in the UK. |
Approximately 287,200 VAT registered enterprises are present in the South East, more than any other UK region. |
The South East is the largest exporter in the UK, with £29 billion (approx $52 billion / €41 billion) of goods moved in 2004. |
The labour force is highly educated with 90% of the working age population holding an academic qualification and over one third of the workforce holding a degree. |
Workers with good language skills are readily available in the region due to the truly international workforce of 585,000 people who were born outside of the UK. |
Around nine working days a year are lost per employee due to sickness, the lowest amount for a UK region. |
The region is home to 24 universities and higher education institutes, where nearly 200,000 study. This includes the University of Oxford, one of the most prestigious universities in the world. |
South East universities work very closely with business, with over 2800 research conracts won annually, higher than any other UK region. |
The region's 24 universities and higher education institutes supply over 73,000 graduates per annum. |
£4.66 billion (approx $3.06 billion / €2.43 billion) is spent on R&D annually, nearly one quarter of UK expenditure. |
South East organisations undertaking R&D employ 45,800 people, which is almost 25% of the UK R&D workforce. |
The South East has the highest number of patents granted in the UK. The statistics show that 820 patents, over 20% of the UK total were granted to firms based in the South East in 2004-5. |
There are 6,540 foreign-owned companies in the South East. |
With three international airports, 11 sea ports, 108 motorway junctions, 77 train stations and access to the Channel Tunnel, the South East has one of the most extensive transport infrastructures in Europe. |
Heathrow, the world's busiest international passenger airport, is home to over 90 airlines serving approximately 186 destinations. It handles over 67 million passengers and 1.3 million tonnes of freight each year. |
It takes 35 minutes to travel through the Channel Tunnel between the UK and mainland Europe. Most major towns in the South East are connected by rail to central London with a journey time of under an hour. |
Almost one third of the land in the South East (637,000 hectares) is designated as an Area of Outstanding Natural Beauty (AONB), more than any other UK region. |
In 2004-5, the South East had the second lowest crime rate in England with 8,983 reported crimes per 100,000 people. |
94% of the South East population is in good or fairly good health, which is higher than any other UK region. |
Eurostar has set a record for the quickest train journey between Paris and London of just 2 hours, 3 minutes and 39 seconds, meaning a typical journey will take just over 2 hours when the line opens in November 2007. |
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| £8m Medway Innovation Centre gets underway |
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12 September 2008
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Kent has taken the next step in a multi-million pound project backed by South East companies that is designed to create hundreds of jobs in the county.
A symbolic topping-out ceremony for the new £8 million Medway Innovation Centre aimed at turning the region in to a hi-tech area has been marked by the tightening of a screw on Wednesday, according to Kent Online.
Some 2,000 hi-tech jobs specialising in national security technology are expected to be created at the centre by 2016, thanks to backing from sponsors including BAE Systems, the Royal Bank of Scotland and the universities of Kent among others.
"This project is about the economy and well-being of Medway. For me this is the fulfilment of many years work and its an acknowledgement of people who have been so supportive," said Jane Chitty from Medway Council.
Offices, meeting rooms and a 75-seat conference suite are expected to grace the new centre, which will be "a place where entrepreneurs can come and mingle", according to Philomena Lavery, the centre's managing director.
Businesses planning to move into Medway can benefit from its Partners for Growth funding, which normally covers set up costs.
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