Located at the geographical centre of the UK, the Leeds city region represents a naturally functioning economy encompassing Leeds, Barnsley, Bradford, Calderdale, Craven, Harrogate, Kirklees, Selby, Wakefield and York.
In 2009, the Leeds city region was recognised by the Government as one of two pilot city regions within the UK, allowing new freedoms and flexibilities in areas such as housing, regeneration, transport, innovation and higher level skills. The aim is to create the conditions for a better business environment in which enterprise can flourish and the economy can grow, through innovation-led activity.
The Leeds city region has a population of almost 3 million, a workforce of 1.5 million and a highly diverse economy worth over £52 billion per annum, giving it the critical mass to compete on an international stage with other major European business centres.
Key assets of the Leeds city region include economic diversity, the knowledge economy and connectivity. It lies at the crossroads of the UK transportation network, and is home to over 100,000 businesses.
The Leeds city region has six universities: Leeds, Leeds Met, Bradford, Huddersfield, York and York St John, which produce 36,000 graduates every year and facilitate cutting-edge research, 36% of which is world class and 10% of which is world leading.
The University of Leeds, along with Sheffield and York, is a member of the White Rose University Consortium. The combined research power of the three universities ranks alongside Oxford and Cambridge and accounts for 86% of the region’s higher education research spend.
The Leeds city region has a highly self contained workforce – 93% of people who live in the city region also work here, and 93% of people who work in the city region also live here.
Every day over 100,000 people from the surrounding city region commute to work in Leeds.
Communications, banking, insurance, other financial services and health will feature as key areas of employment growth. Digital and creative industries, bioscience, distribution and logistics represent major opportunities for growth.
Manufacturing continues to be a key sector of the economy, accounting for around 152,000 jobs in advanced engineering, medical technology, food and drink, chemicals and printing.