Northampton considered one of the best for business
Northampton has been ranked in the top third best for business in the country.
The announcement came as part of the inaugural Management Today ’21 Best Towns and Cities in Britain’.
It placed 21 out of the 63 biggest UK towns and cities, beating the likes of Oxford, Sheffield, Peterborough and Belfast.
All were assessed on metrics including productivity, depth of the talent pool, strength of innovation, the scale of the private sector ecosystem and rate of growth.
The panel of expert judges included Head of Regional Policy for the Confederation of British Industry (CBI), Jim Hubbard, and CEO and co-founder of Octopus Group, Simon Rogerson. They based their decision on the data and submissions from the towns and cities themselves.
Cllr Tim Hadland, Northampton Borough Council Cabinet member for regeneration and enterprise, said: “There is a strong entrepreneurial spirit in Northampton, and one of our strengths is our diverse business base.
“We work hard to support businesses in Northampton and are continually looking for more ways to do that. The top 21 includes some very big hitters so we’re extremely pleased to have made the list.”
Metrics used for shortlisting were:
• Patent applications per 100,000 people
• GVA (the value of goods and services produced) per worker
• The share of working age population with an NVQ4 qualification or higher
• Business stock per 100,000 people and business stock growth rate
• The number of private sector jobs and private sector jobs growth rate
• The number of employees in high-growth businesses
Management Today Editor, Adam Gale, said: “London rightly has a world-class reputation, but that doesn’t mean the rest of the country should live in its shadow. There are great business hubs across the UK that deserve recognition.”