The 2002 Spending Review committed the Government to a new Public Service Agreement target to:
"Make sustainable improvements in the economic performance of all English regions by 2008 and over the long term reduce the persistent gap in growth rates between the regions, demonstrating progress in 2006."
HM Treasury, the Department for Business, Enterprise and Regulatory Reform (DBERR) and Communities and Local Government are jointly responsible for the delivery of this target.
Disparities in regional economic growth flow from regional variations in productivity and employment. The ‘five drivers’ of productivity - enterprise, investment, innovation, competition and skills - provide the framework for developing the Regional Economic Performance Indicators (REPIs) website which has been developed as a tool for monitoring regional progress towards the PSA target.
The REPIs will track the performance of these key drivers of economic growth in each region, alongside the key target to monitor progress.
