Reading is ranked the UK’s fourth best location for economic expansion over the next 12 months, according to the UK Vitality Index published by commercial property consultancy, Lambert Smith Hampton (LSH). Reading has jumped one position from 2013.
The Index looked at all cities and towns outside London in terms of the health of their economy, how well placed they are to support growth and the opportunities for business to expand. Reading ranked joint first position in the ‘most productive’ category, joint third in the ‘most entrepreneurial’ category and 8th for most highly educated. The report, which also includes measures of economic growth, green credentials and income, rates Reading’s success due to its “sophisticated mix of retail, leisure, office and industrial offerings”.
Nigel Horton-Baker, Executive Director of Reading UK CIC, said: “The UK Vitality Index shows that we have a healthy, robust economy which supports business growth and job creation combined with a high quality of life, making it a place where people and business can thrive.
“The concentration of investment which has taken place here in the last 12 months demonstrates the high levels of business confidence in Reading’s future with transport links at the heart of this predicted success.”
Tom Fletcher, Head of Office for Lambert Smith Hampton, Reading, talks about the importance of Reading’s workforce: “We are seeing a migration of talent to the area, particularly from London, which is improving an already skilled workforce and this is largely due to it being a quality environment in which to live and work. Add to this the investment opportunities that are being seized here and it is easy to see that Reading’s future is extremely bright.”
The UK Vitality Index assesses the UK’s largest towns and cities outside London to provide a health check, identifying which have the most robust economies, are best positioned to support growth and will provide the greatest opportunities for businesses to expand.
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