Research from Centre for Cities has shown that Derby has the UK's fastest-rising tax base outside London alongside Aberdeen, making it one of the key drivers of the UK economy.
Tax income is an indicator of how an economy is faring. Centre for Cities discovered that many British cities are generating less tax than they were ten years ago, whilst Derby has seen economy tax rise by £250 million since 2004. This suggests the Derby economy is very resillient and in growth.
Derby also stands out from most other locations by level of tax generated per job. This shows Derby is the seventh highest in the country at 5.04% over the last ten years, generating £17,397 in economy taxes per job.
This means Derby is one of the few cities in the UK which continues to create more highly-paid, high-quality jobs on a regular basis.