As award winning experts for the Isle of Wight Economy we deliver key regeneration projects, attract investment & business to the South East, assist local companies & help with relocation to the Isle of Wight.

To calculate your business’s productivity:


1. Add together for your last full financial year: a) profit before tax; b) total remuneration costs (including salaries, overtime, pensions, other benefits and directors’ payments) plus depreciation. This total makes up the GVA.


2. Work out your average Full Time Equivalent employment for the year, counting each Part Time job as 40% of a Full Time job.


3. Divide (1) by (2) to get your productivity rate and compare it to the Isle of Wight average of £29, 635.

If you would like to compare your business to the average for your sector, please contact Ken Dueck, the Isle of Wight Enterprise Hub Director at the Isle of Wight Economic Partnership on 535846 or email him on ken.dueck@wighthub.co.uk. He’ll be happy to provide a table of productivity rates by sector.