Economy

Economy

Economic Output and Productivity

Bradford is a big economy worth £9.2bn and is the eleventh largest economy in the UK and eighth in England. It is the third largest in the Yorkshire region after Leeds and Sheffield.

Growth in the district’s Gross Value Added between 2013 and 2014 was 2.7% which was lower than the Yorkshire and Humber regional and UK national rates of growth for 2013 and 2014 at 3.3% and 4.6% respectively.

GVA is also measured per head of population. Bradford has a relatively low GVA per head of population figure. At 2014 Bradford’s per head figure at £17,366 was far lower than the West Yorkshire (£20,808) and national (£24,958) averages and also lower than the Yorkshire and Humber (£19,863) regional average.

Key messages

  • Bradford is a big economy worth £9.2bn and is the eleventh largest economy in the UK.
  • Growth in the district’s GVA between 2013 and 2014 was 2.7% which was lower than the Yorkshire and Humber growth of 3.3% and UK growth of 4.6%.
  • Bradford has 17,620 businesses employing 193,100 employees.
  • Following recession Bradford has seen business numbers exceed pre-recession levels.
  • Bradford has one of the highest business start up rates in the UK though it is now slowing which may reflect a strengthening jobs market.
  • Bradford retains a strong manufacturing base with 25,000 jobs, the 3rd highest in the UK.
  • High value added and knowledge intensive industries are under-represented in Bradford.
  • Despite improving skills levels, Bradford residents’ earnings lag regional and national averages.
  • Bradford residents occupational profile is skewed towards lower skill occupations

Related Documents & Data

Intel bulletin Economy

These are the files which are on Bradford.gov relating to the Economy:

www.Bradford.gov.uk /economic intelligence/ Quarterly Economic Update

www.bradford.gov.uk/ economic intelligence/GVA Update

www.bradford.gov.uk/economic intelligence/indices of deprivation

Centre for Cities supports the growth of economies in cities by producing rigorous, evidence-based research within five main drivers of economic growth. Compare the economic performance of 64 of the UK's largest cities and towns (including York).

The Department for Works and Pensions (DWP) collects and publishes official statistics on employment programmes, household income, benefits, pensions and other areas the department is responsible for.

NOMIS is a service provided by the Office for National Statistics to provide free access to the most detailed and up-to-date UK labour market statistics.

 

Contact details

Understanding Bradford District
5th Floor, Britannia House
Hall Ings
Bradford
BD1 1HX

Phone : 01274 434565 - Monday to Friday 09:00 to 17:00 (GMT)
Email : observatory@bradford.gov.uk

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