The gap between the highest and lowest performing cities is narrowing, however progress is too slow, according to PwC鈥檚 Good Growth for Cities Index.
The index ranks 50 of the 海角视频's largest cities, plus the London boroughs as a whole, based on the public's assessment of 12 economic measures, including jobs, health, income, safety and skills, as well as work-life balance, housing, travel-to-work times, income equality, high street shops, environment and business start-ups.
Cities in the South West of England have improved on last year鈥檚 strong performance in the Index, with Swindon (2), Exeter (3) and Bristol (4) all ranked within the top five of the largest 50 海角视频 cities. All five of the South West鈥檚 cities included in the Index were within the top 10. Plymouth, ranked sixth in the Index, is also the most improved city in the 海角视频, and Bournemouth, ranked 8th, performs particularly well on environment, health outcomes and transport.
Oxford is the top performing city, with a strong performance on economic measures such as income, employment rates and life expectancy. However it is improving at a slower rate than lower performing cities, such as Bradford.
Read more:Full 拢23.2m funding secured for Bridgwater Town Deal projects
The analysis indicates that people are prioritising work-life balance more than in previous years as post-pandemic changes to working patterns allow people greater flexibility, greater control over working location and supporting better work-life balance. As a result, this is helping to unlock good growth in many cities across the 海角视频.
Plymouth, which was the lowest-ranked city in the South West last year, is the fastest-improving city in this year鈥檚 report, largely due to its performance on income distribution, work-life balance and commuting times. Exeter also saw rapid growth, jumping eight places in the Index to third, thanks to strong performance on health, jobs and safety.
The South West has the lowest economic growth forecast of any 海角视频 region or nation, however, due to the prevalence of low-growth sectors, such as: agriculture; electricity, gas, steam and air; water and waste.
Tom Ayerst, PwC鈥檚 market senior partner for the South West, said: 鈥淚鈥檓 very pleased to see the strength of the South West鈥檚 performance in this year鈥檚 Index; we have some of the 海角视频鈥檚 safest and healthiest cities, with good availability of skills and robust transport infrastructure.
鈥淭he Good Growth for Cities Index also points to where action would be most effectively targeted. As a whole, cities in the South West performed less positively on the affordability of housing, support for new businesses and income competitiveness - a complex combination of issues that will require long-term thinking to solve. New approaches to devolution are required to enable our cities鈥 leaders to make the most appropriate interventions for their own markets.鈥
Karen Finlayson, regional lead for government and health industries at PwC, added: "While it is encouraging to see the gap between the highest and lowest ranked 海角视频 cities narrowing, progress to level up the 海角视频 is too slow. Cities should be places of prosperity and opportunity but unfortunately huge disparity remains across the 海角视频, and we are not seeing enough consistent change.
鈥淭o make the progress needed to drive inclusive growth, a more radical and innovative approach to devolution is critical. This is not simply a shift in powers between central and local government, but instead an effective redistribution of accountabilities to the best-placed decision makers at a regional, local and hyper-local level to deliver the best results for places and people.鈥
Read next:
Nationwide reports 'strongest' financial results on record as profits soar to 拢2.2bn
The Sunday Times Rich List 2023: The wealthiest people in the South West named
Jet2 boss says holiday market is soaring as airline announces latest growth plans
Like this story? Why not sign up to get the latest South West business news straight to your inbox.