Study names Stoke-on-Trent as UK’s fourth best city for job creation

A national study has heaped praise on the growth of Stoke-on-Trent’s economy and singled out job creation in the city as the fourth-highest rate across the whole UK.

The research has found that annual job creation in the city was at 3.3 per cent in the second quarter of 2016 – only marginally bettered by Glasgow, Milton Keynes and Liverpool.

The UK Powerhouse report also cited a fast year-on-year rise in the city’s economy, with an estimated gross value added increase to two percent in the second quarter of 2016, compared to 1.6 per cent in quarter one. The big uplift in performance has put the size of the city’s economy at £4.8bn.

Law firm Irwin Mitchell produced the report, in conjunction with the Centre for Economic and Business Research (Cebr), and produces league tables of 38 of the UK’s largest cities.

The report highlights year-on-year growth in manufacturing production, such as glassware, ceramics and porcelain as factors which have accelerated growth in the city.

Councillor Janine Bridges, cabinet member for economy and education, said:

“These findings, although not recognised officially by government, are encouraging and point to further signs of our city’s resurgence.

“Our Stronger Together vision includes a commitment to help businesses prosper, driving investment across towns and communities.

“As part of this, we signed a trade agreement with Jingdezhen earlier this summer – a Chinese city which has a similar rich heritage in ceramics production. Last week we formally launched the Ceramic Valley Enterprise Zone, with 1,000 jobs already secured for the site in just six months, and the potential for 9,000 jobs in total.

“The report findings are further proof that we are helping to lead the way nationally for job creation. This means more opportunities for local people and we are passionate to bring and retain skilled workers to the city that add extra value to our economy.

“Such gross value added growth and positive rise in job creation are further signs that Stoke-on-Trent is on the up.” 

 

The report can be read here

 

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