Newport ranks 7th out of 100 UK cities for robust economic growth to 2020 in the Experian Global Economic Forecasting Report and also ranks 3rd in Lambert Smith Hampton’s (opens new website) study of office locations outside London.
The LSH Performance Index provides an indication of performance of 28 centres around the UK using key location criteria and weighting them according to their importance to occupiers. Newport scored particularly well on competitive property costs, property availability, wage levels and the low level of hard to fill vacancies.
There are six junctions on the M4 motorway serving Newport’s major business parks.
Newport is 2 hours from Heathrow Airport, 35 minutes from Cardiff and 55 minutes from Bristol International Airport. The city has a port that handles ships up to 40,000 tonnes and the Newport Transporter Bridge is one of only six transporter bridges in the world.
In Newport Unlimited (opens new website) the city has Wales’ first and only Urban Regeneration Company, with a remit to deliver and implement a major redevelopment strategy for the city.
Labour, employment and education
Newport has a labour catchment of 479,000 within a 30 minute drive time and 1.6 million live within a one-hour drive.
Average gross weekly pay for employees is around 94% of the GB average. Local and national grants apply across much of the city. The annual output of first-degree graduates from the seven universities within 30 miles of the city is over 17,000.
Property and sites
The average price for a residential property in Newport is 79% of the average for England and Wales.
Newport is a major conference centre with a range of quality venues in and around the city, complemented by the availability of over 3,000 hotel bed spaces. All Newport Exchanges are ADSL broadband enabled.
Newport – host city for The 2010 Ryder Cup – has 27 golf courses in the immediate vicinity of the city, including the Twenty Ten course at the Celtic Manor Resort.