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Reimagine economic development: Britain’s next global city

Reimagining Public Policy – Britain’s next global city

To increase UK’s productivity we need to build highly competitive, globally-significant regional economies outside London and the South-East.

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Vice Chair, Head of Brexit and Industrial Strategy

KPMG in the UK

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The UK has one of the most regionally imbalanced economies in the developed world. Due to its patchy productivity. In future, Britain will need to develop a more resilient, and diversified economy creating dynamic, highly networked economic global hubs outside the South-East.

Global economic hubs need modern, high-capacity transport systems and broadband connections; world-class education providers, closely linked to businesses; and a wide range of traditional and emerging industries, of sufficient scale and density to create virtuous circles of mutually-beneficial growth. Fostering these requires intelligent economic development strategies, strong and coherent management – and the money to kickstart change.

But how to identify our next global economic hub? Find out on our article and let us know what you think.

For more disruptive ideas on how to address public policy challenges, read our full report: Reimagine public policy. Alternatively you can download this chapter: Reimagine Britain's next global city.

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Reimagine economic development
The UK contains both some of Europe’s highest-performing economic areas, and some of its weakest – creating imbalances which skew and curtail growth. James Stewart argues that running a national competition could foster growth outside the South-East, creating a new set of thriving regional economies.
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