Good Growth for Derby


PwC has released its Good Growth for Cities 2017 report, and Derby has featured strongly, rising up the table. 

The sixth annual Good Growth for Cities 2017 index sets out to show that there’s more to life, work and general well-being than GDP. The index measures the performance of 42 of the UK’s largest cities, England’s Local Enterprise Partnerships (LEPs) and the new Combined Authorities against a basket of ten indicators based on the views of the public as to what is key to economic success and wellbeing.

These include employment, health, income and skills – the most important factors, as judged by the public – while housing affordability, commuting times, environmental factors and income inequality are also included, as is the number of new business starts.

John Hawksworth, Chief Economist at PwC, said: “The UK has been a great job-creating machine in recent years and this has driven improvement in our good growth index this year across all major UK cities.

On average across the UK, the index is now at its highest level since it began in 2006 and all regions have benefited from this upturn."

Toyota - a Globally Valuable Brand

Bondholder Toyota Motor Manufacturing UK has been ranked one of the world's most valuable brands. 

The car-maker has been ranked 12th in the Brand Finance Global 500 report. Fellow Bondholder PwC also ranked in the top 100 of the report. 

Number of factors influenced the rankings, including brand reputation, royalty rates and revenues. 

David Haigh, Chief Executive of Brand Finance, said: 'A powerful brand can protect a company's value during turbulent market conditions, create new market opportunities and increase profit margins."

Good Growth in Derby

Our Good Growth for Cities Index makes encouraging reading for the East Midlands region. The economy here is diverse and resilient, and it is great to see our cities performing so well in terms of economics and quality of life measures.
— Paul Norbury, Senior Partner

Derby has featured strongly in the annual Good Growth for Cities Report, conducted by Bondholder PwC, ranking 16th nationally, just after London, and ranked 4th in the Midlands.

The Good Growth for Cities report assesses growth by scrutinising several measures that lead to sustainable and balanced growth, including jobs, housing, household income, health, transport, skills, environment, new businesses and work-life balance. These measures are chosen by the public and businesses.

Cities from across the Midlands performed particularly very well, specifically on transport, environment, health, new businesses and jobs.

Derby ranks in the top 20, with above-average scores in jobs, house prices and income distribution. This suggests a well-balanced city in growth with low unemployment, low house prices and good salary levels.

Commenting on the performance of cities in the Midlands, Matthew Hammond, regional chairman for PwC in the Midlands, said: "The eight Midlands cities we report on are showing positive and largely above average indicators in jobs growth, new businesses per capita, transport and ease of movement, health measures, and the environment itself.  

"The ingredients for quality of life, as set out in our report, highlight the Midlands and its cities as a more liveable, workable, investable places, particularly compared with the South East.  This evidence gives the region a domestic and internationally competitive edge which we have seen with a number of recent investment announcements. “

PwC's standout year

Bondholder PwC has hailed a 'standout year' after advising on transactions worth more than £7bn.

Advising on high profile deals including the sale of Centre Parcs and the preservation of 1,100 jobs at steel giant Caparo which went into administration in October.

Matt Waddell, Partner and Head of PwC's deals business in the Midlands, said: "We have seen a significant increase in activity levels and are delighted to have advised both long-established and new clients on so many successful transactions over the last 12 months."

He continued: "As we look forward into 2016, we expect this upturn in deals activity to continue and, with our continued investment in our Midlands deals business, we look forward to another successful year."