Leeds has quickly become a major financial powerhouse in the UK, with the City Region’s economy becoming the largest in the UK outside of the capital.
Core growth sectors have helped Leeds establish a strong foothold. The Financial & Professional services in the region are worth £13 billion and its Manufacturing prowess contributes £7 billion to the economy.
Leeds in Numbers
Leeds City Region has a skilled workforce of 1.4 million people working in diverse sectors such as finance, technology, healthcare and manufacturing. The city itself has a population of 774,100.
Leeds City Region has the largest number of universities outside of London in the UK and produces 39,000 skilled graduates per year.
The city’s economy has grown by almost 40% in the last decade, reaching a total worth of £62.5 billion per annum.
JLL predicts average rental growth of 3.5% per year in the region between 2018 and 2025. Investors can expect a steady 5% yield from apartments in the city centre (LS1 postcode).
Over 30 national and international banks and building societies are based in the region making it the UK’s biggest financial sector outside of London.
Leeds has one of the youngest populations in the UK with more under-24s than any other area outside of the South East.