Darlington’s economic growth outpacing London!

UHY Hacker Young Chartered Accountants have released a report concluding their latest research into the growth of the UK’s economy and ranking the fastest growing areas.

All at eLamb were delighted to see that Darlington were second in the table (of 173 areas) with an annual growth of 8.9% – outpacing Camden and the City of London, Manchester and Birmingham.

Darlington’s increase of 8.9% is over two and a half times bigger than the nation’s average of 3.4% with Darlington’s GVA rising from £21,810 to 23,750.

eLamb’s founder, Mark Wilson from Darlington said from a personal and professional point of view it’s fantastic to see the local area so high in the table

Ranked top of the leader board was Croydon, an area that has seen incredible investment over the last 10 years and it is now a significant hub for technology firms with an estimated 1,000 digital and technology firms alone now based there, dubbing Croydon the ‘Silicon Valley of South London’.

Wilson continued Clearly, London remains the UK’s powerhouse but as a technology firm in the North East, eLamb chose Darlington as their base due to the fantastic services on offer at Business Central and the location next to the train station gives us easy access to a highly skilled workforce throughout the North East.

The full report can be read here

 

Don’t be shy say hello