Big cities, large potential: The Spending Review rightly prioritises city development

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Friday 13 June 2025 10:59 am

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The Spending Review empowers UK metropolis areas with transport and innovation funding to spice up productiveness and drive nationwide financial development, says Andrew Carter

The Chancellor’s Spending Review rightly places large cities on the centre of a plan for broad-based, long-term nationwide prosperity. 

The UK’s large cities’ economies have tended to underperform, costing the nation £50bn in misplaced financial output a 12 months, and reducing residing requirements all over the place within the nation. 

This underperformance is uncommon. Big cities in G7 nations like Hamburg and Lyon are sometimes the driving forces of their nationwide economies however in Britain that’s not the case.

So the Spending Review is a welcome shift in direction of a metropolis region-led plan for nationwide development. Metro mayors outdoors of London have been given extra capital funding – because of the £15bn Transport for City Regions settlements – to spend on public transport community upgrades to unlock the potential of their locations.

This tackles one of many large {hardware} issues in UK cities that could be a main impediment to financial development. Travel inside cities and cities is simply too sluggish and disjointed, limiting the alternatives for folks to entry good jobs and coaching of their areas. Only 40 per cent of the residents of huge UK cities can entry their metropolis centre in half-hour or much less, in comparison with 67 per cent in giant European cities. The respective numbers for Leeds and Marseille are 37 per cent and 89 per cent.

Making progress on bridging this hole will unlock extra alternatives for extra folks and can imply large cities like Manchester, Birmingham and Leeds play the position that large cities in Europe play.

Innovation clusters

The spending assessment additionally introduced extra funding for creating “innovation clusters” within the large cities. This displays the truth of the place a lot of the innovation economic system is positioned; in large cities. Nearly two thirds of the UK’s new economic system corporations are primarily based in cities and enormous cities, and over half of those are within the metropolis centres.  

Innovation thrives there as a result of cities present entry to giant labour swimming pools, ample industrial area and proximity to research-intensive universities and different innovation corporations. The centres of the UK’s largest cities are already nationally important hotspots of innovation, and there’s potential for them to deepen this supply additional. Allocating funding for native innovation partnerships to native leaders like metro mayors will guarantee it’s focused on the locations the place it is going to have essentially the most influence. 

The forthcoming Industrial Strategy, anticipated earlier than the top of this month, ought to double-down on the strategy outlined within the spending assessment. Putting our large cities on the coronary heart of the Industrial Strategy will give the federal government the very best likelihood of reaching its nationwide development ambitions.

Andrew Carter is chief govt of Centre for Cities

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