Research Group, Centre for Cities, identifies Leeds as one of the cities best placed for a private sector-led recovery.
The Centre for Cities is an independent, non-partisan research and policy institution. The Centre helps Britain’s cities improve their economic performance by producing practical research and policy advice for city leaders, Whitehall and employers.
Cities best placed for a private sector-led recovery.
‘Five cities to watch: Milton Keynes, Reading, Aberdeen, Leeds and Bristol. These places will be better-insulated from the economic impact of the spending squeeze, and have high potential to create private sector jobs. They have lower vulnerability to public sector job losses and spending cuts, and given the right powers and freedoms could make an even bigger contribution to the national economic recovery.’
This research is extremely significant as more people are likely to move to the Leeds area to take up Private Sector jobs meaning, amongst other things, additional housing will be required. Leeds currently has a major lack of suitable housing available therefore UK house builders will be looking to acquire more land in the area to satisfy this new demand.
Alexandra Jones, Chief Executive of the Centre for Cities, said,
“Buoyant cities like Leeds and Bristol, which have been fast-growing and have lots of private sector jobs, are best placed to lead the UK’s recovery. It’s time these places had new financial freedoms such as full control over the local business rate, and new powers to raise money. They could also benefit from having London-style mayors.”