Search Results for: cities

Birmingham and Peterborough latest cities to benefit from government hubs

Birmingham and Peterborough latest cities to benefit from government hubs

Sites in Birmingham and Peterborough are to be regenerated as part of a government programme designed to boost regional growth and save taxpayers’ money. The Government Hubs programme has so far seen the development of 14 office hubs around the country, which the government claims provide civil servants with state-of-the-art working environments designed to boost efficiency and drive savings by bringing together different departments under one roof – moving civil servants to inner-city sites located close to public transport connections, local amenities and shops. (more…)

Triangulum smart cities project reaches completion

Triangulum smart cities project reaches completion

Manchester at heart of new smart cities programmeThe €30 million award-winning Triangulum project is drawing to a close as the participating cities in the pioneering project begin to share the first results from the five-year long future smart cities programme. Triangulum is one of 14 European Smart Cities and Communities Lighthouse Projects funded by the European Union’s Research and Innovation Framework Programme Horizon 2020. (more…)

A new generation of smart cities is with us

A new generation of smart cities is with us

Siemenstadt smart city in BerlinAn abandoned mine shaft beneath the town of Mansfield, England is an unlikely place to shape the future of smart cities. But here, researchers from the nearby University of Nottingham are planning to launch a “deep farm” that could produce ten times as much food as farms above ground. Deep farms are an example of what the latest wave of smart cities look like: putting people first by focusing on solving urban problems and improving existing infrastructure, rather than opening shiny new buildings. (more…)

Smart cities spend to top $189 billion in next five years

Smart cities spend to top $189 billion in next five years

Global spending on smart cities will reach $189.5 billion in 2023, according to the latest IDC Worldwide Semiannual Smart Cities Spending Guide. The report claims that the main priorities  for investment will be resilient energy and infrastructure projects, followed by data-driven public safety and intelligent transport. It suggests that these priority areas will account for more than half of all smart city spending throughout the 2019-2023 forecast period. The guide claims to quantify the expected technology opportunity around initiatives at a regional and global level. (more…)

Top ten cities in UK for economic growth led by Edinburgh

Top ten cities in UK for economic growth led by Edinburgh

According to the 2019 Vitality Index by Lambert Smith Hampton, Edinburgh is the city with the best prospects for UK economic growth, with Cambridge and Manchester coming in second and third place, despite the UK’s uncertain economic and political environment. Compiled every year, The Vitality Index claims to provide a comprehensive assessment of the health of UK towns and cities, considering education, entrepreneurialism, affluence, productivity, growth and environmental factors.

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CRE investment highest in cities with strong tech culture

CRE investment highest in cities with strong tech culture

Corporate real estate investment highest in cities with tech cultureCities with tech innovation-oriented cultures have a strong competitive advantage amongst those investing in commercial real estate, claims a new report from JLL (registration). Of 109 cities analysed, the nine leading global markets – Boston, London, New York, Paris, San Francisco, Seattle, San Jose, Sydney and Tokyo, accounted for around 37 percent of total annual real estate investment volumes over the past decade. Like real estate investors, corporate occupiers also search for locations that have advanced innovation ecosystems, the report suggests. These cities sustain highly skilled workforces and are best placed to succeed in the future.

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Emerging megacities will outperform developed megacities by 2025

As urban world is moving towards the developing world, GlobalData, a data and analytics company, forecasts that 88 percent of the world megacities will be based in the developing economies of Asia, Europe & Central Asia, Latin America and Middle East & Africa by 2025. Out of 44 megacities in the developing world, GlobalData has identified 26 that will outperform developed cities by 2025. The company forecasts that the share of emerging cities to the world’s gross domestic product (GDP) will increase from 7.2 percent in 2018 to 8.3 percent in 2025 while the share of developed cities to the world GDP will decline from 8.1 percent to 6.8 percent during the period.

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Bristol has lowest Grade A office vacancy rate among UK largest cities

Bristol has lowest Grade A office vacancy rate among UK largest cities

Bristol has the lowest vacancy rate for Grade A offices amongst the UK’s leading Big 6 cities, reflecting strong demand combined with a shortage of high quality commercial space, according to new figures published by property consultants JLL.  Although the city and region’s reputation for talent and innovation has so far countered the shortage of space, with inward investors citing access to a highly skilled, graduate workforce as one of the main reasons for relocation, JLL is warning that more needs to be done to ensure Bristol continues to attract investment. (more…)

Government publishes strategy for future mobility in UK cities

Government publishes strategy for future mobility in UK cities

The UK government has published its Future of mobility: urban strategy, which sets out its approach to working with innovators, companies, local authorities and other stakeholders to develop benefits of new urban mobility technologies. Alongside publication of the strategy, it has also launched a £90 million competition for cities to deliver Future of Mobility Zones, which follows £60 million awarded to 10 cities across the UK via the Transforming Cities Fund. It aims to support local leaders and industry to trial new mobility services, modes and models through the creation of up to four future mobility zones. (more…)

Northern English cities held back by lack of opportunities for low skilled workers

Northern English cities held back by lack of opportunities for low skilled workers

Despite higher living costs, southern English cities such as Oxford and Exeter lead the country in their ability to provide opportunities for people with low skills.  A new report from the Centre for Cities on low-skilled workers claims that employment opportunities are greater for people with fewer or no qualifications in southern English cities than those in the North or Midlands. The report Opportunity Knocks? claims that, despite higher living costs in cities in southern England, their stronger economies create significantly more jobs for people with fewer qualifications. (more…)

More than two-thirds of the megacities of the world will be located in Asia by 2025

Robust economic growth and rapid urbanisation over the last few decades has resulted in the creation of a number of megacities in Asia. Against this backdrop, 33 out of the projected 49 megacities will be located in the region, according to GlobalData, a data and analytics company. The City Economics Database reveals that megacities were home to nearly 8.35 percent of the world’s population and contributed 15.50 percent to total global GDP in 2018. Of the world’s 40 megacities in 2018, 26 were located in Asia. GlobalData forecasts that the number of megacities will increase to 49 and more than two-thirds of these megacities (including 19 in China and six in India) are expected to be located in Asia by 2025.

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UK cities joining the global movement to net zero building

UK cities joining the global movement to net zero building

The UK is joining a global drive towards a ‘net zero carbon’ future, with its biggest cities setting ambitious decarbonisation targets in an effort to reduce their impact on the environment. Manchester plans to be a carbon-neutral city by 2038, while Bristol aims for full decarbonisation by 2030. In London, all new buildings will be net zero carbon by 2030, as the UK strives to meet targets set by the Paris Climate Agreement.

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