Law firm Hewitsons has joined the Centre for Cities research institute in its call for Government investment to fuel economic development, after publication of the Cities Outlook 2012 report revealed that cities including Cambridge and Milton Keynes are bucking national trends and showing clear signs of growth.
The annual national health check of UK cities has highlighted Cambridge and Milton Keynes amongst the top five cities to watch, stating that both are well placed to drive the national economic recovery. The report highlights the cities as having dynamic private sectors with a high number of business start-ups; large pools of highly skilled residents; and as being highly innovative, with significant numbers of patents registered compared to other cities. Northampton was also among the country’s top performing cities for employment rates and growth in private sector jobs.
John Dix, Managing Partner at Hewitsons in Cambridge, said: “It is really encouraging to see that all three areas where our offices are located are bucking the national trend and growing despite the harsh economic environment. We welcome the Centre for Cities call to the Government for investment in these areas to help industries in the region continue to prosper.
“Although this report gives a clear indication for growth in these areas, we must not become complacent, these are difficult times and we need to keep propelling the region forward to ensure we continue to thrive.”
The report also shows that Cambridge has performed particularly well against the economic backdrop with the city coming out on top in a number of areas, including the number of patents registered and having large numbers of ‘knowledge workers’, in professions such as law and accountancy, which are well placed to support growing businesses.
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