Sheffield
Why Invest
Introducing Sheffield
England’s fourth largest city (University of Sheffield), Sheffield is an exciting, modern destination with a thriving commercial centre that provides a vibrant lifestyle for its upwardly-mobile population, for those living, studying and working in the city; with theatres, a varied arts scene and the beautiful Peak District on the doorstep.
Internationally recognised for its design, manufacturing and engineering, the city is home to over 40 world class firms, including Aviva, BT Group, Capita, Nabarro LLP and Virgin Media. With two high-ranking universities and one of the largest further education colleges in the UK, Sheffield has a distinctly young, professional population and, therefore, considerable rental demand.
More than £2.5 billion is being invested in Sheffield over the next decade (Sheffield City Region Enterprise Zone, 2017).
Key Stats
Why Choose Sheffield
Commercial Investment
Plans underway to create a £480million retail quarter in the heart of Sheffield.
Population Growth
Population of over 700,000.
Rental Market
S1 postcode in Sheffield yields 11.57% gross rental yield.
Highest Rental Yields
Average rental yield is 5.2% compared to 4% in London.
House Prices
House prices in Sheffield are rising at a rate of 6.3% versus London at an average of 4.5%.
Student Population
63,000 student population.
History
Sheffield’s industrious past is rich in history and its present is rich in culture. Commonly referred to as the ‘steel city’, Sheffield gained an international reputation in the 19th century for steel production and as a result, its population boomed during the Industrial Revolution, with the city boasting an impressive current estimated population of over 720,000.
Sheffield is well known not just locally to the UK, but globally too, for a number of reasons. The city boasts a green living approach and has four trees for every person, which is the highest ratio of trees to people for any city in Europe. Of course, in addition to one third of the city being the Peak District National Park, which was the first area in the UK to gain National Park status in 1951. In addition to this, Sheffield is proud to home the largest theatre complex outside of London, and the world’s oldest football ground and club that plays association football.
Highlights
A Green City With Great Benefits
- 1.
70,000 additional jobs to be created in the next decade (* Source: Sheffield People & Skills).
- 2.
9.1 million people travel through Sheffield’s train station every year.
- 3.
HS2 will reduce journey times to London by 34%.
- 4.
The Government has agreed to give £30m per annum for the next 30 years for investment to manufacturing and innovation under the Northern Powerhouse initiative.
City Location
Much of Sheffield’s community is concentrated in the city’s Cultural Industries Quarter, an area that once hummed and clanked with cutlery works and toolmakers, now sings with all manner of creative endeavour. Often cited as Sheffield’s equivalent to Manchester’s Northern Quarter, Sheffield’s Cultural Industries Quarter refers to the zone between St Mary’s Road, Arundel Gate and Howard Street.
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