The Region of Peloponnese shows economic and labour market strengths, with small and family businesses key to the economic and social fabric of the region. Its strong transportation connectedness is conducive to attracting investors, while its outstanding cultural capital benefits both residents and visitors. However, regional growth prospects are constrained by weaknesses in some vital factors of attractiveness, notably to talent – with evidence of relatively low digital connectivity, housing affordability and quality, and social cohesion. To harness the Peloponnese’s attractiveness potential and steer the region out of its economic and talent development traps, it will be essential to accelerate digitalisation, to spur local innovation and business cooperation, to foster social cohesion, and to better leverage its cultural and natural assets including by developing agritourism. Sustaining ‘green’ investments and upskilling efforts will also be crucial to completing the energy transition and creating local jobs while mitigating exposure to climate risks.
