Sheffield market update

At Knight Knox we have long believed that the Sheffield City Region is set to become the UK’s next big property market, following in the footsteps of Manchester and Liverpool.

Sheffield market update

We have previously written about how Sheffield is on the verge of becoming a nationally and globally significant economic powerhouse, and recent news from the city only confirms this assessment.

The Sheffield City Region Growth Hub has successfully achieved a second record breaking year in succession. Working on behalf of the region alongside more than 5,000 businesses, the Growth Hub has helped to create more than 1,200 jobs over the last financial year. In addition, the organisation operates support programmes for local business investment worth £50m.

The chair of the Growth Hub, Alexa Graves, said of the success: “I’m delighted to see these figures – it’s a tribute to the energy of businesses across the City Region and to the expert advice and signposting of the advisors.

“We have a huge pool of knowledge and access to many funding streams. And because we work in partnership with many other organisations across the region and nationally, and even internationally, businesses who talk to us have an even broader range of openings.”

Another success story from the Sheffield City Region organisation comes courtesy of the inward investment team which smashed its targets. By collaborating with the various local authorities and the region’s biggest universities, more than 4,000 jobs were created over the last financial year by investments from 150 companies. Targets were exceeded for both investment from foreign companies and UK companies.

The chair of the Sheffield City Region Trade and Investment Advisory Board, Chris Scholey, said: “These figures demonstrate what those of us in our city region have known for some time. We are world-leading in areas such as advanced manufacturing and health technologies, and are increasingly attracting investment from companies based in the UK and across the world.

“There are several reasons for our successful and sustained growth. These include our position as a super-connected city region at the heart of the UK; our excellence in logistics and our straightforward, can-do attitude.

Some great examples of the extensive investment being seen by the region include a move into the city by education giant Tes Global. Bosses at the firm have gone on the record to state that they were “thoroughly impressed by all the city had to offer.”

Sheffield’s growing reputation as a global education and ‘edtech’ attracted the firm which is putting in place a multi-million pound deal which aims to create 200 jobs for local people.

Similarly good news comes courtesy of Clipper Logistics PLC which has invested in a 600,000 sqft site near the city to fulfil contracts for subsidiary Pretty Little Things. The region is well known as a logistics hub thanks to its central location, and the 1,200 jobs which will be created by this move only go to confirm that.

More jobs means more people, and more people mean more rental accommodation will be required in a city which is already suffering from shortages. All of the above good news about job creation and investment only goes to show that the city is on the way up – and those are only a few examples; much more is planned for the future.

As the city’s reputation continues to grow, more and more people will want to be a part of this exciting future. Sheffield is on the verge of becoming something quite special, just as Manchester and Liverpool were five years ago. This is the perfect time to invest in the South Yorkshire city and get ahead of the game.

Why not look at our latest development in Sheffield, Great Central? Apartments are available now, so make sure to enquire today!

Intus Lettings vertical - April 2019

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