Southampton named one of the top UK cities for business
Tuesday August 13th, 2019
When thinking of a location to start up, re-locate or expand a business, what area springs to mind?
It is highly likely that London will be up there in your rankings, however you might be surprised to learn that in a recent Management Today report, London is not listed within the top 3.
The report features the best towns and cities for business and ranked at number 15 is Southampton in Hampshire – a city described as a place of endless opportunities.
In the last decade Southampton has risen steadily through the league tables for growth, confirming itself as the economic powerhouse of England’s south coast.
Southampton’s GVA grew by 2.6 per cent in the second quarter of 2018, according to the most recent UK Powerhouse report, with employment up 1.9 per cent.
The UK for Good Growth for Cities Index, published by PWC and Demos, places Southampton in the top three cities and currently the city centre is undergoing significant and ambitious transformation. Over £3bn is being invested into the city, giving businesses and investors the confidence that Southampton’s ambition is matched by a clear vision and ability to deliver.
Why choose Hampshire for business?
Hampshire has many attributes which make it an attractive place to establish and grow a business; a large and diverse economy, easy access to and from London, and a strong talent pool. Hampshire is consistently ranked as one of the best places to live in the UK.
Hampshire is also home to around 86,000 businesses and business survival rates are amongst the strongest in the South East and the UK. Growth in high growth businesses is also higher in Hampshire than the averages for the South East or the UK.
Hampshire is also the most export intensive county in England – almost 40% of the county’s economic output is exported – so if you are wanting to exploit international markets this is the place to be.