January 2016

Leeds economy set to soar to £24bn

Author: White Rose Office Park

Leeds canal

No longer is London the initial choice for expanding businesses. As of 2015, Leeds is the largest financial and business service sector outside of the capital; with the cities estimated economy worth £24bn by 2020. The city boasts the fastest year on year private sector jobs growth of any city in England, helped along by the recent addition of global giants HSBC and O2 within White Rose Office Park.

Not only that; but with the implementation of the LEP (Leeds City Region Economic Partnership) over the past 4 years, providing both support and funding – businesses have the potential to grow. The partnership has already contributed an extra £1.4bn to the region’s annual economic output, with the continued goal over the next 20 years of ‘unlocking extraordinary, sustained growth that benefits everyone who lives and works in our City Region, ultimately making the region an overall contributor to northern and national prosperity.’

Transport Improvements

In accordance with the city’s economic growth; It’s unsurprising that the city’s transport links and physical landscape are also undergoing dramatic regeneration. The £17.3 million project to create a new entrance to the south of Leeds train station with the integration of the HS2 station, supports the continual changes to redevelop the southern quarter of the city, with Leeds councillor Keith Wakefield hoping it will become the “St Pancras in the North” with the expectation that passenger numbers will rise by 62% by 2029. The recent go ahead for the collaboration between the two stations aims to become an ‘international gateway’, making Leeds home to one of the busiest transport interchanges in the UK.

The new entrance creates more efficient connections to the South of the city where developments like Holbeck Urban Village have been transformed into sustainable community developments, incorporating high-quality offices and apartments with open public spaces – a distinct theme throughout many of the new office developments popping up throughout the north.

City Redevelopment

That’s not all for the South Bank, with luxury fashion brand Burberry announcing plans to invest £50million to combine and transfer their current facilities in Castleford and Cross hills to the area, Leeds is utilising its industrial heritage to her regenerate its future economy. The plans are set to create up to 1000 jobs including those incorporating apprenticeship schemes to help preserve essential skills, manufacturing techniques and craftsmanship.

Elsewhere, plans to turn the Northern Quarter’s New Briggate into a thriving urban village environment are in their early stages. An area of the city that already flourishes at night, the main aim is to utilise the areas ‘cultural assets’ by improving the current aesthetics and developing residential spaces.

Join White Rose Office Park

If you take into account that Leeds was ranked highest for quality in the North in this year’s ‘Business Location Index’, positioning the city as one of the most exciting investment opportunities outside of London. There’s never been a more compelling case to relocate or expand your business.

Situated next door to one of the UK’s top shopping malls, whether you’re looking to expand or totally relocate – with office spaces to let from 914 sq ft up to a generous 40,000 sq ft A grade building, White Rose Office Park is the perfect choice for any business.

Embracing the work-life balance, White Rose features an on-site nursery, multi-storey parking and The Hub restaurant bringing the essential amenities to the office.

There’s never been a more exciting time to work in Leeds.

If you feel White Rose Office Park could fit the needs of your business or someone you know, please click here to see our current availability and contact one of our agents to discuss things further and arrange a visit.

Jeff Pearey
JLL – 0113 261 6236

Adam Cockroft
Cushman & Wakefield – 0113 233 8866

Jonathan Shires
CBRE – 0113 394 8820

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