North West England - Economy

Economy

The North West is historically linked with the textiles industry, mainly before the mid 20th century. The Greater Manchester region produces the most economic output according to GVA in 2007 with £46,189m. Followed by Lancashire with £22,470m, Cheshire £21,317m and Merseyside £19,112m and Cumbria with £7,379m.

According to research by Cushman and Wakefield in 2008, Manchester is the second best city to locate a business in the UK whilst Liverpool is the eleventh best city. The Financial Times stated that the North West economy, led by the redevelopment of Manchester and Liverpool, is a genuine rival to 'overheated London'.

The area's electricity, formerly looked after by MANWEB and NORWEB, is now looked after by ScottishPower Energy Networks and United Utilities respectively. The Morecambe Bay gas field provides 6% of the UK's natural gas.

Electricity generation in North West England
Power stations
Biomass
Active
  • Fiddlers Ferry (co-fires)
Coal
Active
  • Fiddlers Ferry
Closed
  • Agecroft
  • Back o' th' Bank
  • Barton
  • Blackburn
  • Bloom Street
  • Bold
  • Bolton
  • Carlisle
  • Carrington
  • Chadderton
  • Dickinson Street
  • Fleetwood
  • Hartshead
  • Huncoat
  • Ince A
  • Kearsley
  • Lancaster
  • Lister Drive
  • Merseyside
  • Padiham
  • Radcliffe
  • Ribble
  • Roosecote
  • Salford
  • Slacks Valley
  • Southport
  • Spa Road
  • Stockport
  • Stuart Street
  • Trafford
  • Warrington
  • Westwood
  • Whitebirk
Gas
Active
  • Bridgewater
  • Fellside
  • Rocksavage
  • Roosecote
  • Weston Point
  • Winnington
Proposed/Future
  • Carrington
Incinerators/Waste
Active
  • Bolton
  • Red Moss Landfill
Proposed/Future
  • Ince
  • Weston Point
Nuclear
Active
  • Heysham
Closed
  • Calder Hall
Oil
Closed
  • Ince A + B
Wind
Active
  • Askam and Ireleth
  • Barrow Offshore
  • Burbo Bank
  • Coal Clough
  • Ormonde
  • Scout Moor
  • Walney
  • Winscales Moor
Proposed/Future
  • West Duddon
Organisations
  • BNFL
  • The Lancashire Electric Power Company
  • MANWEB
  • NORWEB
  • Pre-nationalisation electric power companies

Read more about this topic:  North West England

Famous quotes containing the word economy:

    “Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
    —Ralph Waldo Emerson (1803–1882)

    “The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
    —Henry David Thoreau (1817–1862)

    “I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
    —Calvin Coolidge (1872–1933)