Two cities in the East Midlands have been named the most improved areas in the UK when it comes to economic output and wage growth.
Leicester and Nottingham saw the largest upward movement in the rankings. Nottingham climbed 16 places to 19th position, driven by an improvement in a number of metrics including wage growth, economic output and university ranking. The city has one of the fastest rates of population growth and highest proportions of millennials. To support this growth, £750m is being invested into an integrated transport system.
Leicester also climbed a massive 22 places to 22nd position, thanks in large part to an improvement in its environmental performance with a 26% reduction in CO2 emissions per capita and a 20% increase in the proportion of household waste recycled.
For the third successive year, Cambridge has been the top-ranked UK location. LSH says this is down to strong growth in the local economy and property market and its university status and ability to attract inward investment and students to the area. Improvements are also being made to its transport infrastructure, with the new Cambridge North railway station, close to the Science Park, opening in May last year. There is also a proposal for an underground and light rail service.
The LSH Vitality Index assesses the UK’s 66 largest towns and cities outside London to identify which are best positioned for growth and provide the greatest opportunities for businesses expansion.
The results are based on the analysis of 20 datasets, with each location ranked within six separate sub-indices: most productive, fastest growing, most entrepreneurial, best educated, greenest and rising affluence.