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Economic Development

Plymouth and Bristol are Britain’s top cities in new index of economic growth opportunities

Exeter and Swindon also in top ten of Demos-PwC Good Growth for Cities Index

Plymouth has topped the latest Demos-PwC Good Growth for Cities Index, with Bristol in second place(Image: Penny Cross)

Plymouth and Bristol have been ranked as Britain’s top performing cities in an influential index based on a number of measures from life expectancy to new business start-up rates.

The annual Demos-PwC Good Growth for Cities Index aims to rank the º£½ÇÊÓÆµ’s 51 largest cities, plus the London boroughs.

Plymouth rose from sixth to first in the table thanks to high scores on work-life balance, income distribution and jobs. Bristol – which rose two places to second on the Index – performs well on jobs and work-life balance, as well as skills.

Swindon was fourth in the table, while Exeter was sixth, with South West places consistently scoring above the º£½ÇÊÓÆµ average for health and safety and skills. But the region’s towns and cities scored less well on new businesses and house price-to-earnings ratios relative to the rest of the º£½ÇÊÓÆµ.

The index's 11 measures also include house prices to earnings, commuting times and store open and closures rates.

The report said public administration and defence was one of the highest-growth sectors in 2024, growing by 2.2%. Both Plymouth and Bristol are world-leading defence hubs.

It says that in 2025, cities home to high growth sectors such as transportation and storage, public sector and defence, and construction are set to perform well. And it warned that Plymouth, Bristol and Swindon “are forecasted to have relatively average economic outlooks for 2024” as other places that have performed poorly this year start to bounce back.

John-Paul Barker, regional market lead for PwC in the West of England & Wales, said: “It’s great to see that South West cities continue to perform strongly in the Index; it chimes with the conversations we have with stakeholders and reflects what we see in the vibrant communities that we work in. The Index is a useful tool in that it shows the relative strengths of cities across the South West, and charts them against the priorities of people who live here.