Bristol powers into ‘top 10 cities’

Peter Musgrove, LSH head of office in Bristol

Peter Musgrove, LSH head of office in Bristol

Bristol has powered into the top 10 cities outside London for economic growth and prospects for business expansion in 2016, according to Lambert Smith Hampton’s latest UK Vitality Index.

The city’s growing affluence and educational attainment are just two of the factors that have pushed it into sixth place in the index, says LSH – one of the UK’s leading commercial property consultancies.

LSH’s third annual ‘UK Vitality Index’ assesses the UK’s largest towns and cities outside London to provide a health check of their local economies, identifying which are most robust, those which are best positioned to support growth and which will provide the greatest opportunities for businesses to expand.

The results are based on the analysis of 20 datasets, with each location ranked within six separate categories: most productive, fastest growing, most entrepreneurial, best educated, greenest and rising affluence.

Bristol and Manchester are new entries into the top ten this year. Bristol has moved from 11th on the list to 6th, reflecting a range of factors including the rate of growth in house prices over the past three years, new business formation and improvements in school exam results.

Peter Musgrove, LSH head of office in Bristol, said: “I’m very pleased to see Bristol is now ranked in the top 10 cities according to our own UK Vitality Index, reinforcing its reputation as a dynamic business hub and a great place in which to live, study and work.”