Derby is the most productive part of the East Midlands, yet is still 0.9% behind the national average, new data shows.
The region as a whole is 14.8% behind the average UK productivity levels. Nottingham is the least productive part of the East Midlands sitting 25.1% behind the UK average.
According to experimental data from Office for National Statistics, across 11 regions in East Midlands, all of them showed poor productivity and competitiveness.
Be the Business, the business-led organisation created to close the UK’s productivity gap, is calling on companies in the East Midlands to look at their business practices to see how they can make productivity gains.
Be the Business allows firms to take a health check to benchmark themselves and identify areas where the can improve. These can be simple changes which have a big impact.
Chief Executive Tony Danker said: “We believe that governments alone don’t drive productivity, and ultimately it’s up to firms.
“While the East Midlands has some of the UK’s best performing firms, it is also home to many businesses that have big opportunities to improve.
“We’ll be entering into a more competitive environment after Brexit so businesses must start looking for ways to improve now.
“These improvements don’t have to entirely new innovations – around three-quarters of potential productivity growth can come from businesses adopting what successful companies are already doing.”