UK Cities Monitor: London and Manchester lead survey
18 Sep, 2007, London
Manchester has overtaken Birmingham in this year’s UK Cities Monitor business survey which ranks the country’s major cities against a number of criteria considered essential for good business. Although both are ranked behind London overall, both Manchester and Birmingham, as well as cities as diverse as Glasgow, Edinburgh, Newcastle and Nottingham, are often ranked higher than the capital on a number of factors.
UK Cities Monitor is a survey of over 200 companies undertaken by global real estate adviser Cushman & Wakefield. This is the second year of the UK survey although it has undertaken the annual European Cities Monitor since 1990 (this year’s edition is due to be published on 6th October).
In addition to the overall UK Cities Monitor ranking, the in-depth survey of senior company directors ranks the UK's major cities according to factors such as quality of life, ease of recruiting quality staff, cost of staff, freedom from pollution, retail and leisure facilities, access to markets, internal and external transport links, value for money of office space and car parking facilities.
It also looks at factors regarded as most important by companies when deciding where to locate. ‘Ease of recruiting qualified staff’ is considered the most important followed by ‘easy access to customers and clients’. Cost factors are the next most important in terms of both property and labour.
Adrian Hill, head of business space, Cushman & Wakefield said: “It’s clear that senior directors of UK companies overwhelmingly favour the country’s three largest cities principally because of their population, access to markets and transport infrastructure. The rise of cities such as Bristol, Glasgow and Edinburgh however show that softer factors such as quality of life are deemed increasingly important for a firm’s employees.”
Elaine Rossall, head of European business space research, Cushman & Wakefield said: “London is now essentially one of a small number of ‘world cities’. Its sheer size and position as a global financial centre mean that it is always going to be the most recognised and successful business location in the UK. What is interesting therefore is to see which cities are jostling for position below it. Most of the cities in our ranking compete with each other to attract businesses from overseas and relocations of existing UK companies. They are increasingly recognising the need to promote their competitive advantages and to understand the complex ingredients of success to ensure that their location remains competitive.”
UK Cities Monitor 2007: The best city in which to locate a business today
UK Cities Monitor 2007: The best city by different criteria
Other findings in the report:
Impact on business over the next ten years
Familiarity with other cities
Commentary on the results from:
Adrian Hill, head of business space, Cushman & Wakefield: 020 7152 5074
Elaine Rossall, head of European business space research, Cushman & Wakefield: 020 7152 5319
For further information, please contact:
Chris Bond, UK Media Relations Manager
Cushman & Wakefield
Tel: + 44 20 7152 5006 / 07793 808 006
Notes to Editors:
Cushman & Wakefield is one of the world’s largest commercial real estate services firms. Founded in 1917, the firm has 215 offices in 56 countries, and 12,000 talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, lenders and investors through every stage of the real estate process. These solutions include representing clients in the buying, selling, financing, leasing and managing of assets. The firm also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please visit www.cushmanwakefield.com