Core Cities UK is working with leading global economists on a major investigation into city productivity. The UK’s Core Cities productivity is low by international standards, and figures from Core Cities own analysis show that, if it were raised to levels of similar cities across the EU and US, it would put £100bn a year into the UK economy.
This project aims to investigate low productivity and make suggestions for addressing it in a manner that will support not just Core Cities but also surrounding towns and other areas in their ambition to achieve their full economic potential, including through a joint strategy between national and local government. The work will be led by the OECD's Centre for Entrepreneurship, SMEs, Regions and Cities which is at the forefront of policy advice on urban issues to support leaders at all levels in building more dynamic, inclusive and sustainable cities
As part of the project, the OECD has already undertaken a study tour, meeting relevant experts, senior government and Core City officials, and other stakeholder, visiting a couple of Core Cities. The draft report is expected to be published in early 2020.