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19:59 on Saturday
2 August 2003

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Peterborough ranked 15th in top locations for competitiveness


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Peterborough’s status as a dynamic business centre has been underlined by new research that ranks the city in 15th position in a ‘competitiveness index’ that compares the country’s top 56 city areas.

Peterborough is also shown to be one of the four most productive non-metropolitan cities, along with Norwich, St Albans and Southampton.

Gloria Milne, chief executive of Greater Peterborough Investment Agency, welcomed the survey results as further evidence to support the campaign to promote the city to companies that wish to relocate or expand.

“This is further good news for Greater Peterborough,” she said. “Official government figures reveal that the East of England is the third best region for economic performance after London and the South-East.

“This research provides further hard evidence about Peterborough’s attractions as a business location. We now need to continue our efforts to increase the number of knowledge-based businesses and enhance the city’s performance so that we achieve an even higher ranking next year.”

The 2002 UK Competitiveness Index has been compiled by Robert Huggins Associates, a research-based economics consultancy and think-tank. It measures overall competitiveness by benchmarking a range of economic factors including: productivity, gross domestic product per person, economic activity, business density, proportion of knowledge-based businesses, unemployment rates and average earnings.

November 2002

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