Portsmouth is the fourth fastest-growing UK city
A new data study has named Portsmouth as the UK’s fourth fastest-growing city economy, with a growth rate of 10.2 per cent.
The study, performed by The Data City, shows that the South Coast city is developing at a rate of over twice that of London and also finds itself ahead of Manchester's rapidly expanding city economy.
Liverpool, Sheffield and Bradford are the only cities in the country that rank ahead of Portsmouth.
Alex Craven, CEO of The Data City, said: “With so much opportunity spread across the UK, we’ve used our data platform of the UK’s companies to map the fastest growing cities in the country, highlighting the emerging sectors and companies driving innovation in each region using our Real-Time Industrial Classifications (RTICs).
“Although the findings are great news for Portsmouth as the fourth fastest growing city in the country, there are over 40 emerging economy sectors with businesses outside of London and the South East.
''This shows the progression of the exciting work that is going on across the UK with new sectors emerging all the time.”
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The Data City maps the UK’s emerging economy. Researchers, policymakers, and investors use it to access real-time data on dynamic sectors and the companies within them.
Delivered by AI, The Data City’s platform combines all the data needed in one place, from open data sets and website text to company financials and investment data, allowing users to make impactful discoveries in minutes.
Alex Craven added: “Portsmouth and the four other fastest-growing cities are writing their own growth stories, each with a unique focus and a commitment to progress.
''From Portsmouth’s tech dominance and Liverpool’s logistics surge to Sheffield’s energy innovations, Bradford’s multidimensional ascent and Manchester’s AI and life sciences journey, these urban centres are setting the stage for exciting times ahead.”
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