In 2011, the income generated by businesses in the UK Business Economy, less the cost of goods and services used to create this income was estimated to be £977.4 billion. This amount represents the approximate Gross Value Added at basic prices (aGVA). Between 2010 and 2011, aGVA recorded a rise of 5.8% (£53.8 billion). This annual increase is a continuation of the recovery seen between 2009 and 2010; taking aGVA above the level seen in 2008, at the start of the recession. All regions other than the South West saw growth in aGVA between 2010 and 2011, with London, Scotland and the South East contributing most to overall growth. The sub-national picture remains mixed with only 6 out of 12 regions having aGVA above 2008 pre-recession levels.