6.25 Total GVA in Lancashire stood at £23.4 billion in 2008. GVA per head of £16,200 in the county lags behind Cheshire (£22,100) and Greater Manchester’s (£18,500). GVA growth rates are lower in Lancashire than in all other North West areas except select parts of Cumbria, Manchester North and Merseyside. Employment in the Lancashire area totalled
606,000 in 2008, but growth in the last decade (+6%) has failed to keep pace with regional and national trends.