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1. Output GVA data for LEPs 1997 ‐ 2014, ONS – Feb 2016 2. Business stock The number of VAT and / or PAYE businesses registered in in the Leeds City Region at March 2016 was 121,630, compared with 109,000 in March 2014, a +11.4% increase. Over the same period, the UK as a whole saw an 8% increase from 2.36 million (March 2014) to 2.55 million (March 2016). [Source: UK Business: Activity, size, location, ONS – Oct 2016] 3. Population & Workforce Population – Mid ‐ 2015 population estimates, ONS – Dec 2015 • Workforce – UK Business Register & Employment Survey (2015 provisional), • ONS – Sept 2016 4. High Growth Firms Leeds has the largest share of High Growth Firms (10+ employees and having expanded their workforce by more than 20% annually for at least three years) outside London and the South East. [Spatial Incidence of High Growth Firms, Enterprise Research Centre, February 2016]. Between 2009 ‐ 12 and 2012 ‐ 15, the number of HGFs in London grew by 15%, . Across the rest of England they were up 36% to 7,855. In Scotland they were up 35% and in Wales 38%. Yorkshire saw big increases in the number of HGFs: Sheffield City Region grew its number of HGFs by 56% (from 170 to 265), York & North Yorkshire’ went up 52% (from 128 to 194). Leeds City Region increased its share by 40% (from 384 to 538) . Leeds City Region is now ranked ninth in terms of the number of HGFs as a proportion of the number of firms with more than 10 employees. However, in terms of actual numbers, it is home to the largest share of high growth firms outside London and the South East. 3
1. GVA / output: Source: GVA data for LEPs 1997 ‐ 2014, ONS – Feb 2016 GVA in Leeds is expected to increase by 21% between 2015 and 2025, compared to 18% growth for the Leeds City Region, 20% for the UK as a whole and 25% for London. By 2025, output for Leeds will account for 32.5% of GVA in the Leeds City Region and 18% of GVA for the Core Cities. [Source: Regional Econometrics Model /Experian Business Strategies] 2. GVA per FTE: GVA per full time equivalent employee was £51,300 per annum in Leeds (2016), 1.5% above the average for Leeds City Region but 15% below the UK average. [Source: Regional Econometrics Model /Experian Business Strategies] 3. Business formation: Leeds had a birth rate in 2014 of 85 per 10,000 head of population, higher than the figure for the Leeds City Region as a whole (77) and in line with the Core Cities average (86) but well below the figure for the UK as a whole (93). [Source: Business Demography, 2015 Release , ONS – published November 2016] 4. Business stock Source: UK Business Register & Employment Survey, 2015 provisional, ONS – published September 2016. [NOTE: for consistency figures quoted are for business units rather than enterprises. Number of enterprises in Leeds = 26,310. Number of SMEs = 3,190, where an individual enterprise may comprise several business units] 5. Small and Medium ‐ size Enterprises SMEs are set to increase their contribution to the UK economy by 11% over the next three years. In the key Northern Powerhouse cities of Manchester and Leeds, SMEs are predicted to grow their contribution to output by 15%. Strong growth is also forecast for Bristol (14%) and Birmingham (11%). [Source: Centre for Economic & Business Research – Oct 2016] 6. Inward Investment: 2015 was the region’s most successful year for inward investment since 1997. Leeds attracted 31 FDI projects in 2015, compared to 13 in 2014, making it the second most successful UK city outside of London for FDI. [Source: 2016 UK Attractiveness Survey, EY ] 4
1. Development activity Major development schemes worth £3.9 billion have been completed in Leeds over the last ten years. At the end of 2015, £357 million of schemes were under construction and a further £7 billion in the development pipeline. (Source: LCC, Economic Development, Feb 2016) 2. Office space Development activity in Leeds is at a ten year high with 713,000 sq ft of office space completed currently in 2016 and a further 460,690 sq ft under construction at the beginning of 2017 [Source ‐ Deloitte Crane Survey, February 2017] 3. Retail £520 million has been invested in major retail and leisure developments including Trinity Leeds (£300 million), First Direct Arena (£55 million) and the recently completed Victoria Gate development (£165 million) which has added 596,500 sq ft to the city’s retail floor plate. (Source: LCC, Economic Development) 4. Enterprise zone In excess of 600,000 sq ft of employment space has been completed in the Leeds Enterprise Zone since Sept 2015: Veolia recycling plant (165K); Logic Leeds (80K and 50k unit); and Thornes Farm (50K & 30K at Connex 45, 25k for Watershed Packaging, 50k for Samuel Grant, 20k for Orion and 30k for Floorstore Group. A further three units totalling 83K sq ft were completed in January 2016 at Kinetic 45 on Newmarket Lane in December 16. Further speculative build units are proposed for Gateway 45 (50k and 100k) along with 3 further units at Logic Leeds (30k, 33k and 37k) which will be complete and available for occupation in summer 2018. [Source: City Development 13/4/17] 5
Population Growth and Working Population Source: Sub ‐ national population projections for England (2014 ‐ based projections), ONS – published May 2016 6
1. Employment Source: UK Business Register and Employment Survey: 2014 revised and 2015 provisional, ONS (published Sept 2016). The total active workforce is 498,000 2. Private to Public Sector Jobs Ratio Leeds, at 3.1 : 1, has the highest ratio of private to public sector jobs for UK Core Cities: Birmingham = 2.74; Bristol = 2.87; Cardiff = 2.22; Glasgow = 2.18; Liverpool = 1.7; Manchester = 2.85; Newcastle = 2.12; Nottingham = 2.61; Sheffield = 2.09. Figure for London is 3.59. (Source: Cities Outlook Report 2017, Centre for Cities) 7
1. Private sector jobs growth At +6.12% Leeds has seen the highest level of private sector jobs growth of all UK cities, including London (4.41%). [Source: Cities Outlook 2017, Centre for Cities] 2. Digital Health Sector Yorkshire and Humber, and principally Leeds, accounts for 22% of employment in the UK’s Digital Health Sector (hospital and GP information systems, e ‐ health, telemedicine and telecare. It is second behind London, which accounts for 24% of employment in this fast growing sector. [Source: UK Digital Health Sector – Strength & Opportunity, 2015: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/521288/BIS ‐ 16 ‐ 237 ‐ strength ‐ and ‐ opportunity ‐ 2015 ‐ UK ‐ digital ‐ health ‐ infographic.pdf] 3. Employment by sector Source: UK Business Register and Employment Survey: 2014 revised and 2015 provisional, ONS (published Sept 2016) 8
1. All unemployment Unemployment in Leeds is above the rate of 5.2% for the UK as a whole. Source: Annual Population Survey, ONS – June 2016 (published October 2016 and updated quarterly) 2. Youth unemployment Youth unemployment in Leeds at 13.2% is lower than the rate for the Leeds City Region (14.8%) and the national rate (14%) Source: Annual Population Survey, ONS – June 2016 (published October 2016 and updated quarterly) 3. Claimant count The Claimant Count for Leeds, at 2.3% is higher than the national rate (1.8%). Source: NOMIS Labour Market Profile (local authority area) – October 2016 Note: over the next decade Leeds is forecast to account for 50% of jobs growth in West Yorkshire and 40% in the Leeds City Region . [Source: Experian Business Strategies forecasting model (June 2015)] 9
1. Quality of life Leeds has been named as the best city in Britain when it comes to quality of life, ahead of London, Manchester, Glasgow and Edinburgh in the Sustainable Cities Index 2016, produced by global engineering consultancy Arcadis. Quality of life in Leeds is ranked 26th out of 100 cities around the world in the ranking, based on health, education, work ‐ life balance, housing, living costs, levels of income inequality, crime and living costs. [Source: Sustainable Cities Index, Arcadis – Sept 2016] https://www.arcadis.com/media/0/6/6/%7B06687980 ‐ 3179 ‐ 47AD ‐ 89FD ‐ F6AFA76EBB73%7DSustainable%20Cities%20Index%202016%20Global%20Web.pdf 2. Housing Housing Stock Change ‐ Valuation Office Agency (October 2016) Average House Price – UK House Price Index, Land Registry (October 2016) 2. Wages Annual Survey of Hours and Earnings, ONS – November 2016 3. Connectivity Superfast West Yorkshire & York ‐ 'Gainshare' Open Market Review and SME Mapping, • Regeneris (October 2016) 71.3% covered by ‘ultrafast’ broadband (> 100mbps) – Cities Outlook 2017, Centre for Cities • 10
1. Graduate retention Leeds is the only UK city outside London with a larger share of high achieving graduates than the city's share of total jobs, according to a new study by the Centre for Cities looking at the pattern of student migration. It highlights the number of graduates – and high achievers in particular – heading for the bright lights of London after they complete their studies. So, while London accounts for around 19 per cent of jobs, six months after graduation 38 per cent of new graduates who have a first or upper second class degree from a Russell Group university, were working in the capital. [Source: Centre for Cities – The Great British Brain Drain, November 2016 http://www.centreforcities.org/reader/great ‐ british ‐ brain ‐ drain/] 2. High Level Qualifications (NVQ level 4 or above) Annual Population Survey 2016, ONS 2. No Formal Qualifications Annual Population Survey 2016, ONS 3. 5A* ‐ C GCSEs including Maths and English (2015 figures) Cities Outlook 2017 (Centre for Cities) 11
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