Business, Southampton

Business Southampton

📰 Southampton is second highest ranking English city for Good Growth

New figures show that Southampton is the second highest ranking city in England for ‘good growth’, based on the “Good Growth Index 2013”, beaten only by Reading/Bracknell.  
 
The Good Growth Index (produced by PwC and think tank Demos) compared 39 UK cities, ranking them based upon a variety of criteria, including Gross Domestic Product (GDP), but also considering characteristics identified by the public and business as key to economic success and wellbeing, of jobs, health, income and skills.  Above average cities for ‘good growth’ perform well on the job, income and skills measures in the report.
 
Southampton showed the most improvement of any other city, between 2012 and 2013, featuring fourth overall within the UK (Aberdeen and Edinburgh ranked second and third) this year.  This is a rise of 10 ranking places since the 2012 survey, demonstrating the city’s commitment to growth and economic development opportunities.  The key indicators that influenced this shift in ranking include decreases in: unemployment (6.4% down to 5.3%), long-term sick (20% down to 17%) and commuting times (26.4 down to 24.8 minutes); all important in the wellbeing factor of the city.  Nine of the 12 indicators used were improved since last year.  
 
Councillor Matt Tucker, Cabinet Member for Economic Development and Leisure, said: “The report concluded that a clear city vision and enablement of it is key to sustaining future ‘good growth’ and enhancing the perception of cities on a national and international stage.  The council is committed to working closely with our business, education and third sector partners to enable Southampton, as a whole, to excel.
 
"Undoubtedly our recently received national awards for Transport City of the Year and the, industry acclaimed, National Skills Academy for Construction Award demonstrates how well our city is progressing with the support of the private sector."
 
 The "Good Growth for Cities" report was compiled by PwC with thinktank Demos, and is available here.
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