Compiled every year, The Vitality Index provides a comprehensive assessment of the health of UK towns and cities, considering education, entrepreneurialism, affluence, productivity, growth and environmental factors.
By identifying the best destinations to support future economic growth and provide opportunities for business expansion, Edinburgh topped the list as the only Scottish city in the top ten in the 2019 rankings.
Climbing from 2018 position number five, Edinburgh has risen to the top of the rankings, knocking Cambridge off the top spot for the first time since 2016. The city has seen one of the highest rates of house price growth of any location, alongside strong wage growth.
The only Scottish location in the top 10, Edinburgh has a highly qualified population and is forecast to see one of the strongest rates of job growth over the next five years.
Followed by Cambridge at second place, the city has retained its first place as the most highly educated, being home to the UK’s top-ranked university and one of the highest proportions of residents qualified to a degree level or above.
Manchester remains in position number three and is the sole Northern location to rank within the top ten, seeing strong growth in both population and commercial property rents. As one of the fastest-growing locations, the city has shown a robust GVA growth in the UK as well being one of the most entrepreneurial cities of the year.
Izzy Watterson, Senior Analyst at LSH and author of the report, said “Understandably, Brexit is commanding the nation’s attention and there is a great deal of uncertainty as to how things will unfold. Consequently, it is very reassuring to see that the economic health of the nation’s major towns and cities has improved since last year and the top ten locations should prove among the most economically-resilient locations of 2019.”