Sheffield boasts a population of over 2.1 million people within a one hour peak travel time. With 33% of the population educated to degree level or above and lower than average salary levels, Sheffield can offer a highly skilled workforce at a lower cost than other core cities. The city has undergone a population growth above that of the national average, currently standing at approximately 551,800 people, it is projected to increase to over 600,000 by 2020.
|60 minute peak travel area||2,155,840|
Source: ONS Mid-year Population Estimates 2011/ East West Locations 2012
Sheffield has the lowest average annual salary of all the core cities, making the city a genuine cost effective location for businesses. Take a look at how we compare here.
Over the last decade Sheffield has retained and attracted well educated people, and the skills profile of the Sheffield population has seen major improvements. The percentage of the population qualified to degree level (NVQ 4 and above) has increased significantly from 25% in 2005 to 33% in 2011. High graduate retention rates, combined with increasing student numbers at both universities has contributed to this upward trend.
There is a significant amount of work related training in the city region, meaning people have up to date and relevant skills for the workplace.
If you are benchmarking city data for a client, or making an investment case for your business, please contact us on +44 (0)114 223 2407 firstname.lastname@example.org we may be able to assist with further bespoke information.