Nuneaton named as the UK’s best town for economic opportunities

“It’s no wonder people from outside are looking at us and saying, 'I want a part of that', that’s great to see."

According to a report, Nuneaton has been named as the town offering the best economic opportunities in the whole of the UK in 2023.

The 2023 UK Vitality Index is an annual health assessment of the UK’s largest towns and cities outside London, undertaken by property consultancy Lambert Smith Hampton.

The report includes an Opportunity Ranking and this year that list is topped by Nuneaton.

Cllr Kris Wilson, Leader of Nuneaton and Bedworth Borough Council, said: “It is fantastic news that Nuneaton is recognised nationally as the place to invest for the second year running, and proves that we are the on the right track in regenerating Nuneaton.

“With joint funding from both the Borough and County Councils, together with successful bids to the Future High Streets Fund and Towns Fund, alongside the Transforming Nuneaton Programme, we have many exciting plans in the pipeline and much to look forward to.

“Most recently we have seen our landmark 2.3-hectare Grayson Place development on Abbey Street gathering pace. Set to become a new focal point for the town, the venue will bring new leisure and culture facilities, creating jobs, homes and boosting economic growth.

“Nuneaton has such a fantastic wealth of economic potential, and we are so pleased to say that we are well on the path to unlocking this.”

The town was recognised as having growth potential due to the input of government funding and the town has made successful bids to the Future High Streets Fund and Towns Fund.

The Transforming Nuneaton Programme, is also up and running in the area and this focuses on diversifying the offer in the town centre, recognising that the town needs to evolve to meet the needs of our future communities.

Part of the programme includes creating opportunities for new businesses by opening up new office work spaces  as well as growing the leisure offer, specifically at Grayson Place so that people have new reasons to come into the town.

Jo Williams, who runs Joco Gifts and Terry's Bed Centre in Queens Road, said: “It's absolutely fantastic, it's clear from the fact that there are shops opening in Nuneaton that people are already looking to invest here and for the town to be named as number one for potential is brilliant news.

“There's going to be such a buzz around the town in the months and years ahead with all the planned redevelopment work and opportunities coming up, not only for retail but leisure facilities, office space and residential and the college is moving into the town centre. 

“It’s no wonder people from outside are looking at us and saying, 'I want a part of that', that’s great to see.

“Now some local people need to share that positivity about what we have got rather than dwelling on negativity about what we don't have.

“We all know things have been a little bit tough but I'm really positive about Nuneaton town Centre. I've lived here all my life and have invested tens of thousands of pounds in the businesses and am really proud to be here.”