To increase UK’s productivity we need to build highly competitive, globally-significant regional economies outside London and the South-East.
The UK has one of the most regionally imbalanced economies in the developed world. Due to its patchy productivity. In future, Britain will need to develop a more resilient, and diversified economy creating dynamic, highly networked economic global hubs outside the South-East.
Global economic hubs need modern, high-capacity transport systems and broadband connections; world-class education providers, closely linked to businesses; and a wide range of traditional and emerging industries, of sufficient scale and density to create virtuous circles of mutually-beneficial growth. Fostering these requires intelligent economic development strategies, strong and coherent management – and the money to kickstart change.
But how to identify our next global economic hub? Find out on our article and let us know what you think.