INVEST IN
LEEDS
INTRODUCING
LEEDS Leeds is a city and metropolitan borough in the West Riding of Yorkshire. Leeds is one of the largest cities and regions in the UK and is a part of the ‘Core Cities’ group. The region takes in important towns and cities such as Huddersfield, Bradford, Wakefield, Halifax, Harrogate and Keighley. During the Industrial Revolution, Leeds was a major mill town as well as being a home for metal working, printing, wool, engineering and many other industries. Today, Leeds is still a manufacturing region, if not to the same extent it once was, as well as being a key financial and knowledge centre.
Leeds
Population Leeds - 715,404 Leeds City Region - 3 million Student Population Approximately total - 60,000 University of Leeds - 31,130 Leeds Beckett - 26,025 Leeds Trinity - 3,505
Leeds is the second centre of banking in the UK,
1.5 million workforce of Leeds city region (Leeds.gov.uk, 2017)
employing more people in financial services than anywhere else outside of London. The city is home to the only branch of the Bank of England outside of London. (Leeds.gov.uk, 2017)
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Infrastructure •
National rail – Leeds is linked to the rest of the country via train. It takes two hours to get to London, 50 minutes to reach Manchester, approximately an hour and a half to reach Liverpool, 45 minutes to reach Sheffield and an hour and a half to reach Newcastle.
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Airport – Leeds Bradford Airport services 70 destinations in 30 countries across Europe, Asia and North America.
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By sea - Leeds itself is inland, but the ports along the Humber, notably Hull, are only 50 miles away and accessible in an hour by road and rail.
In addition, the following are also either confirmed or possible at some point in the future: •
HS2 – Faster journey to London and Birmingham. Leeds will benefit from being a major terminus of the new route when it is finally built. Journeys to London will be 45 minutes shorter and journeys to Sheffield will take less than 20 minutes.
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Smart Motorway – The M62 to Manchester is set to become a fully ‘smart’ motorway over the next decade, reducing travel time between two Northern economic powerhouses and making the journey more pleasant overall.
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Transport for the North – As part of the ‘Northern Powerhouse’, Leeds will benefit from improved transport across the region. The current links between the core Northern cities are substandard and Leeds will benefit from the propose link, and the speculative idea to link the North East to the rest of the country more substantially than it currently is.
£60.5bn Leeds city region has a GVA (Gross Value Added) of £60.5bn making it the largest regional economy outside of London and the South East, and bigger that nine EU countries. The city itself has a GVA of approximately £20bn.
819,000 predicted population of Leeds by 2024 (Leeds.gov.uk, 2017)
(Leeds.gov.uk, 2017)
Housing
Employment
In 2017 the average price of a house in the Leeds city region is £192,858, a 5% increase over the previous year. Various figures can be found from a number of sources but this value seems to be the best average. Average rent in the city is approximately £700 PCM, putting Leeds in the same bracket as Manchester, Liverpool and Sheffield.
The employment rate in the city stands at 68.9%. The average wage per week stands at £499.00. Leeds is currently seeing the fastest year on year growth of jobs in the private sector of any UK city, including the largest concentration of data scientists of any city outside of London and the highest proportion of knowledge economy jobs in the North.
Analysts JLL predict that property values will continue to rise in Leeds by at least 5% per year to 2020 for a total increase of approximately 20%.
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The content contained within is correct at the time of publishing (July 2017).