Economic contribution to the SOUTH WEST of ENGLAND© Centre for Economics and Business Research Ltd, 201129. The industry accounted for just over 6.8% of theregion's workplace GVA in 2008, somewhat greaterthan the national average.. The total contribution to regional GVA was anestimated £17,766m in 2010. The correspondingregional multiplier was 94.8% of the UK-widemultiplier, meaning that only just over 5.0% of the industry's economic impact is felt elsewhere in the UK. . The construction sector accounted for 7.5% of totalworkforce jobs in 2011. This is higher than in anyyear since 2007.. A total 359,172 FTE jobs were supported byconstruction activity throughout the South West in2011, only marginally less than the peak in 2009.. The construction sector comprised 27,205enterprises in 2011, 27,195 of which were SMEs.Their construction activities supported a further38,405 SMEs throughout the region - a total of65,600 SMEs being supported through constructionsupply chains.Source: ONS, Cebr modelling Direct GVA and employment contributions and total direct, indirect and induced impacts on the South West regional economy Year 2007 2008 2009 2010 2011 GVA (£m, constant 2010 prices) 6,700 6,470 6,040 6,301 Total GVA impact (£m, current prices) 18,636 18,729 17,454 17,766 Direct employment (FTE jobs) 98,648 95,276 104,770 92,024 104,268 Total employment impact (FTE jobs) 339,813 328,198 360,902 316,994 359,172

Construction GVA Construction jobs Total impacts Public spending English region / UK nation 2007-2010 real terms change Share of region GVA 2007-2010 change FTE jobs Share of region workforce Region vs. UK multipliers 2011-2015 % decline North East -23.4% 7.3% -10.6% 7.2% 89.7% -6.2% North West -10.7% 6.8% -18.0% 6.3% 92.5% -5.2% Yorkshire & The Humber -10.9% 7.0% -15.1% 7.0% 91.8% -5.2% East Midlands -8.9% 7.4% -23.2% 6.5% 90.1% -4.9% West Midlands -8.7% 7.0% -19.4% 6.3% 91.5% -5.5% East of England -8.8% 7.9% -6.2% 7.7% 89.7% -4.5% London -2.2% 4.1% -11.2% 5.2% 89.3% -3.5% South East -2.9% 6.6% 5.2% 7.3% 94.6% -3.9% South West -5.9% 6.8% 5.7% 7.5% 94.8% -4.5% Wales -18.2% 6.4% 5.1% 7.5% 90.9% -7.1% Scotland -2.2% 7.1% -18.3% 6.7% 92.9% -5.4% Northern Ireland -19.6% 7.8% -26.5% 7.2% 88.4% -8.2% Comparisons between the nations and regions© Centre for Economics 30and Business Research Ltd, 2011