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SHEFFIELD
London OfficeThe Podium 1 Eversholt Street London NW1 2DN
Head OfficeHastingwood Park Business Centre, Wood Lane Birmingham B24 9QR
Contact us today ont 0333 222 0859e [email protected]
Sheffield is a city and metropolitan borough in South Yorkshire. The ‘SteelCity’ is one of the eight largest regional cities which make up the ‘Core Cities Group’ and it is the third largestEnglish district by population.
Additionally, there are more than 250 parks, woodlands and gardens in the city, giving Sheffield the highest ratio of trees to people in Europe. 61% ofthe city is green space and a thirdof the city lies in the Peak District.
Sheffield sits at the heart of the Sheffield City Region which covers South Yorkshire. The City Region takes in Barnsley, Bassetlaw, Bolsover, Chesterfield, Derbyshire Dales, Doncaster, North East Derbyshire, Rotherham and Sheffield itself.
INVEST IN... SHEFFIELD
POPULATIONSheffield – approximately 560,000 Sheffield City Region – approximately 1.36 million
STUDENT POPULATION - 58,725 University of Sheffield = 27,195;Sheffield Hallam = 31,530.
• “Made in Sheffield” is a world famous mark of quality and Sheffield is the only UK city with a trademarked name.
The trademark covers everything from the cutlery and advanced metalworking the city is known for to its most famous food product – Henderson’s Relish. Americans in particular value the “Made in Sheffield” tag.
• Sheffield has a GVA (Gross Value Added) of £15.55bn and the City Region as a whole has a GVA of £30bn, making South Yorkshire a major contributor to the UK economy.
• Sheffield has a higher than average number of international students.
• Sheffield was voted the best city for ‘student experience’ by students in the latest Times Higher Education survey.
560,000
London OfficeThe Podium 1 Eversholt Street London NW1 2DN
Head OfficeHastingwood Park Business Centre, Wood Lane Birmingham B24 9QR
Contact us today ont 0333 222 0859e [email protected]
INVEST IN...
HOUSINGThe average price of a house in Sheffield is £157,003 and the average across the city region is £144,820, according to the Centre for Cities. Various figured can be found from a number of sources but those values seem to be the best average.
Average rent in the city is £729 PCM, roughly the same as Manchester, Liverpool and Leeds. The market in Sheffield is certainly healthy and is projected to keep growing. The city is becoming more prosperous and the housing market is following suit. The Sheffield Telegraph reports of a mini housing boom in the city over 2015, especially in upmarket areas such as Ecclesall. In many cases people are bidding against each other like they did before the financial crash and houses are being sold for above the market rate.
Knight Frank Yorkshire attribute the current strength in the market to ‘Northern Powerhouse’ excitement. In addition, the very strong student market and high rates of student retention following graduation ensure a healthy churn of renters in the city.
Private student accommodation is a particularly healthy sector in Sheffield.
EMPLOYMENTInvestment in the city and people’s skills from local businesskeeps the employment market strong. The city’s steel industryhas survived in the face of globalisation by specialising ratherthan continuing mass production. In addition, focus has beenturned to research and innovation across a variety of fields.
Investment in quality over quantity and a strong attitude towards helping themselves has kept the employment market inSheffield as strong as possible.
Foreign investors are keen to get involved with the high quality Sheffield name, such as the American firm Ajax-Ceco which recently awarded a Sheffield steel firm a £1m contract over cheaper Korean opposition.
The employment rate in the city stands at 69.1%, impressiveconsidering the large student population. The city region has a slightly higher overall employment rate of 70.3%.
The average wage per week stands at £453.30 in the city and£450.00 in the wider region.
INFRASTRUCTURE• National rail – Sheffield is linked to the rest of the country
via train. It takes two hours to get to London, one hour to reach Manchester, just under two hours to reach Liverpool, one hour to reach Leeds and two hours to reach Newcastle.
• Supertram – The Supertram is Sheffield’s local light rail network which provides transport around the city and also to local destinations such as Rotherham. The Supertram also links six Park & Ride sites on the city’s edge with the centre which reduce inner city traffic considerably. In addition, the following are also either confirmed or possible at some point in the future:
HS2 – Faster journey to London, Birmingham and Leeds. Sheffield will benefit from being a major stop along the new route when it is finally built. Journeys to London will be 45 minutes shorter and journeys to Leeds will take 20 minutes.
SHEFFIELD
• Transport for the North – As part of the ‘Northern Powerhouse’, Sheffield will benefit from improved transport across the region. The current links between the core Northern cities are substandard and Sheffield will benefit from the proposed trans-Pennines links and the speculative idea to link the North East to the rest of the country more substantially than it currently is.
• Retail Quarter – Sheffield is the last major city centre in the country without a significant retail centre (though the city does have the Meadowhall development on the outskirts). This is likely to change in the near future as plans have been submitted for a £480m development to encompass shopping as well as pedestrianised areas and office space for a “major blue chip company” (Sheffield Star). Action is taking longer than might be expected as the Council work hard to ensure that the open and well regarded city centre is not just turned into another identikit city centre “retail box”.
