Middlesbrough is one of the most important cities in the North East of England. Over the past few decades, the city has attracted millions of pounds in investment that have been used to revitalize the urban landscape and to create better and more appealing amenities and infrastructure. Middlesbrough is well connected to the rest of the UK and Europe, since there are three airports within 1 hour's drive from the city. In addition to a convenient location and a varied range of amenities, residents enjoy a low cost of living. At an average of £140,000, housing prices can be up to 70 per cent lower than in London, although they can be higher in newer dockside properties and in suburban neighbourhoods like Acklam, Nunthorpe, and Linthorpe.
Middlesbrough Job Opportunities
As also happened in other urban centres part of the Tees Valley, the local iron and steel industry was eventually replaced by a diverse economy where the most important sectors are shipping and logistics, chemical manufacturing, and engineering. According to a 2017 Centre for Cities report, jobs in Middlesbrough account for nearly 6% of all jobs in the Tees Valley. Having a service-oriented industry base, Middlesbrough has a fair share of retail jobs, especially considering that the city is the third largest retail centre in the North East. The city's labour market is also characterised by its large knowledge-intensive business services sector, which has a high concentration of legal jobs and roles in finance, and admin support.
Middlesbrough Employment Trends
Despite the decline in public sector jobs in Middlesbrough, a recent Tees Valley Economic Assessment report suggests that jobs in Middlesbrough are expected to experience significant growth in high-value sectors such as biologics, energy, low carbon, digital and creative, and advanced manufacturing. Key employment trends involve a decline in unemployment rates, an increase in the number of residents with Level 4 qualifications and above, and a surge in start-up rates. When put together, all these factors contribute to creating a solid framework for job growth and sustained economic development.