For those who live, work and do business in Nottingham, seeing the city top the East Midlands’ league table for fastest economic growth should come as no surprise.
According to the UK Powerhouse report, produced by the Centre for Economics and Business Research, Nottingham’s economy grew by 0.7 per cent in the 12 months to quarter two of 2017 – outperforming both Derby and Leicester.
Major regeneration projects – including the ongoing £250 million scheme to improve the Southern entrance to Nottingham – are demonstrating a renewed confidence in the city, which in turn is helping boost investment prospects and job opportunities.
Work to refurbish the Broadmarsh Centre is soon to be underway, and when finished, will ensure Nottingham cements its enviable reputation as a prime destination for shopping, dining, culture, relaxing and socialising.
Much-needed improvements to the Broadmarsh car park, the road network surrounding it and the bus station will also make the city a much more accessible, customer-friendly place for local people and visitors to the area.
The report also showed that in terms of technology’s impact on UK economic growth, Nottingham leads the way – nationally as well as regionally.
This again, is unsurprising, given the recent investment we have seen in projects such as the new £30 million BioScience building at BioCity which opened its doors earlier this year.
James Bailey, managing partner at Bruton Knowles said: “We are always impressed by the entrepreneurial spirt which exists in Nottingham and the imagination shown by developers to breathe new life into redundant buildings. Only a few weeks ago, for example, we sold an empty city centre business premises to a developer for conversion into luxury student apartments.
“There is a creative approach and “can-do” attitude which makes Nottingham the number one choice for a lot of investors, and we look forward to further progress as more of the city’s regeneration projects reach completion.”