The University of Oxford has been recognised for five consecutive years as the world’s best university.
Oxford and Reading listed in PwC’s Good Growth for Cities Report as the highest performing cities for the fourth year in the row.
The UK’s largest airport, handling over 80 million international passengers annually and flying to 206 worldwide destinations.
Thames Valley is expected to exceed London’s growth with 0.60% Gross Value Added (GVA) growth between 2019-2023, in fact Reading is forecast to rise ahead of London with 0.58% GVA.
Slough is ranked as the most productive city in the UK, with productivity per capita rising to £100,000 per worker in the 2020 Cities Outlook Report.
Slough named the best place to work in the UK based on its ease of finding a job, relatively high average salaries in comparison to living costs, employee satisfaction and cost of housing.
The UK economy is expected to strengthen over the next year, with the Thames Valley set to be one of the strongest performing regions over the next three years, highlighting a 0.60% predicted growth in Gross Value Added (GVA), which is higher than London (0.51%) and the South East (0.39%) region as a whole.
The Regional Economic Forecast document highlights strong growth in two locations within the region by 2023, including Windsor & Maidenhead (0.68%) and Reading (0.58%) – these predicted increases in GVA will exceed those of major cities and London.
Richard Baker, EY, Managing Partner for the Thames Valley and South
Paul Britton, CEO of the Thames Valley Chamber of Commerce
Oxford and Reading have topped the index for the past five years, reflecting consistent performance and improvement across the board of indices. This year’s ratings have shown the cities as particularly strong in income growth, jobs, skills, and health.
For the period 2017-19, our three Thames Valley Local Enterprise Partnerships (LEPs) were placed in the top four LEPs – Buckinghamshire (1st); Oxfordshire (2nd) and Thames Valley Berkshire (4th).
The Index sets out to show there is more to life, work and general wellbeing than simply measuring GDP. It measures the performance of 42 of the UK’s largest cities, England’s LEPs and ten Combined Authorities against a basket of 10 factors which the public think are most important when it comes to economic wellbeing.
John Ellis, PwC Reading Office Senior Partner
Jonathan House, devolved and local government lead for PwC
Cities and towns from across the Thames Valley scored highly in an array of categories for the annual fDi Magazine report on Europe’s Top Cities and Regions of the Future for 2020/21. The annual list gives an overview of the best locations in terms of global Foreign Direct Investment (FDI) statistics, taking into account the regions’ and cities’ infrastructure, capabilities and incentives.
Key Thames Valley rankings for 2020/21 include the following:
London was ranked as number one in the European Cities of the Future (Overall) category with Slough (15th), and Newbury (23rd) also listed in the top 25.
Three Thames Valley towns and cities were ranked in the Top 10: Northern European Cities of the Future, including Slough (5th) and Newbury (9th).
In the Small European Cities of the Future category, Slough was ranked 1st, Reading (5th) and Bracknell (10th).
The UK is a significant market opportunity for inward investors and at its heart – the Thames Valley – is one of its most important clusters of innovative, high-growth, IP-rich companies across the full range of tech sub-sectors.
Within the Thames Valley, the Life Sciences and Healthcare (LSH) sector is one of the most important benefitting from a number of world leading academic institutions and industry centres of excellence.
Tech Nation Report 2020
Oxford has been listed as one of the top 20 European investment tech cities, just after Helsinki and Dublin, with £200 million raised in 2019. The South East in more general terms has cemented its position as one of the UK’s leading tech hubs with £448 million invested in emerging tech, £281 million invested in Artificial Intelligence and 11 high-value tech scaleups, of which two are Oxford-based, ByBox and Osler Diagnostics. Digital tech now employs 2.9m people in the UK which has increased by 40% from 2017.
Read more, HERE
“The South East is home to a high number of digital tech clusters and we’re seeing all the emerging trends highlighted by the Tech Nation 2020 report happening across the region including right here in the Thames Valley which is setting itself up as an AI hub.”
Elizabeth Corse, Entrepreneur Engagement Manager – South East, Tech Nation
Life Sciences Industrial Strategy
Since the Government launched its Life Sciences Strategy in 2011, over £7.5bn of inward investment in Life Sciences has been secured; leading to the creation of 18,000 new jobs. The second Life Sciences Sector Deal was published in December 2018 and co-authored by the University of Oxford’s Regius Professor of Medicine, Sir John Bell. It sets out the second phase in implementing the Life Sciences Industrial Strategy and contains several references to the work, assets and companies across the Thames Valley.
Read more, HERE.
The Life Sciences Industrial Strategy Update was released in January 2020 detailing the progress that has been made against the priorities set out in the second Sector Deal. The update sets out a vision to deliver future growth and highlights opportunities for the UK to build on its strengths in order to remain globally competitive.
Read more, HERE.