New build property in Leeds should be in high demand like workers are
There are many great reasons to invest in off plan property in Leeds. You’ll find some of the UK’s best property investments here.
It is home to some of the best retail in the UK. The Leeds City Region secured a £1 billion Growth Deal with the central government in 2014. It provides the finance to deliver ambitious growth and the West Yorkshire Transport Fund. Additionally, more than £350 million of public and private investment will help to boost regeneration, growth, and jobs. Billions more of investment money has already been committed to Leeds.
Leeds hosts a higher education population of more than 200,000. Its residents benefit from some of the best schools in the UK, and a large percentage of schools that are rated ‘good’ or ‘outstanding’ by Ofsted.
Leeds is a city that is only two hours from London by train and just six hours from Paris. It is well-connected to the north, and the rest of England and Wales to the south.
So, a great place to go work, raise a family, and go shopping. A place that is easy to travel to and from, and one which is receiving massive investment. But what about employment, a driving fundamental of property investment potential?
An expanding population is being supported by initiatives for new build developments in and around Leeds. How do businesses and employers fit into the equation? Are there enough employment opportunities to support property investment here?
In this article, we examine how Leeds shapes up for employment. We look at the major employers in the city, and you’ll discover a fantastic Barratt development, which promises incredible investment potential.
Employers benefit from investment and a well-educated workforce
Leeds boasts a large, fast-growing and diverse economy, with dozens of major companies headquartered here.
Businesses here benefit from a well-educated workforce of around 2 million. More than 7 million people are less than an hour’s drive from Leeds city centre. With the major investment provided by initiatives such as the Growth Deal, thousands of jobs are set to be created in and around the city.
A hugely diverse economy, providing work for all
Leeds has probably the most diverse economy of all major employment regions in the UK. With a large and well-educated workforce within an easy commute, it has witnessed one of the fastest growing private sector employment rates in the country. Its economy is expected to grow by at least 25% over the next ten years.
One of its major employment sectors is finance and insurance, and it is home to more than 30 national and international banks. The finance and services sector is forecast to provide at least half the output growth in Leeds for the next decade.
Other major economic sectors in Leeds include retail, manufacturing, food production, and tourism.
· Financial and professional services
More than 250,000 people are employed in the financial and professional services in the Leeds City Region, making it one of the UK’s largest business centres. Many of these are employed in and around the city centre. Leeds boasts a high ratio of legal, accountancy, banking, financial, and insurance firms. Companies with national headquarters or regional offices here include:
- First Direct
- Lloyds Banking Group
- Royal Bank of Scotland
- Direct Line
As one of the country’s main retail destinations, it is not surprising that Leeds provides thousands of retail employment opportunities across major national high street names and boutique retailers. All major retailers are represented in Leeds, and Asda is headquartered here.
Leeds houses almost 2,000 companies across a diverse range of manufacturing activities. The sector produces around 11% of the economic output of Leeds, and most companies in the sector are considered as small to medium in size. Larger manufacturers here include Siemens, Unilever, and Mitsubishi.
One of the companies that typify the manufacturing sector here is Ginetta. This company specialises in producing exceptional hand-built road and race cars. Its employees are well educated, highly technical, and include some of the brightest engineering and manufacturing talent in the UK.
· Food production
Several of the UK’s top food producers are headquartered in the Leeds region. These include Arla Foods and Northern Foods.
Leeds has variously been voted the best English city to visit outside of London, the UK’s favourite city, and it received the Visitor City of the Year by the Good Britain Guide in 2005.
With its excellent transport connections, the city is easy to get to from other locations within the UK and from abroad via Leeds Bradford Airport. Tourism here is estimated to support at least 20,000 full-time jobs, with around 1.5 million visitors staying overnight every year, and a further 10 million making day trips here.
Jet2, the low-cost airline, is headquartered here.
Introducing St Oswald’s View – perfect for professionals and families
A fifteen-minute drive to the centre of Leeds, St Oswald’s View in Methley is the ideal location for professionals with young families. Being developed by Barratt, the semi-rural setting is sure to attract plenty of interest from home buyers and those seeking long-term tenancies.
Not only perfectly situated for those working in Leeds and its industrial estates, St Oswald’s View’s position makes for exceptional access to the M62, M1 and A1 for those commuting to the rest of Yorkshire and beyond.
For the convenience of nearby supermarkets, shops, pubs and excellent schools, St Oswald’s provides it all. Perfect for active and relaxed lifestyles.
Being built by Barratt, you can expect the finish of your off-plan property purchase to be as exceptional as the location of the development:
- Barratt is the only UK home builder to win the HBF 5-star builder rating every year since 2009.
- For 13 years, it has topped the NHBC (National House Building Council) Pride in the Job Quality awards.
- More than 90% of Barratt customers would recommend the developer to their friends and family.
Live with passion,