Wakefield finance sector 'to bloom'
Dienstag, 3 November 2009
The financial services sector in Wakefield is expected to grow at a faster rate than the UK average by 2014, according to a study.
Consultancy Drivers Jonas (DJ) said the city's close ties to Leeds and its capacity for further development will help it take full advantage of new opportunities when the economy pulls itself out of recession.
The DJ-commissioned Wakefield Focus report predicts that area's financial services sector will increase by more than double the national average (11%), growing around 23% before 2014.
The gross value added (GVA) of the city's hotels and catering sectors is also predicted to grow by 8% in the same period, while the national average is expected to increase by just 5%.
Mark Finch, head of planning at Drivers Jonas' Leeds office, said: "Since the previous recession there has been a structural shift in the make-up of Wakefield's economy where it has moved away from its traditional manufacturing core, to become home to new and diverse service-based industries.
"These changes, combined with increasing co-operation between it and neighbouring local authorities through the new Leeds City Region, bode tremendously well for Wakefield and make it ideally placed to respond quickly following this current downturn."
Copyright © Press Association 2009