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==Economy== [[File:HMRC Nottingham.jpg|thumb|Formerly part of the [[HM Revenue & Customs]] [[Castle Meadow Campus]] in Nottingham]] Nottingham is the East Midlands' largest economy.<ref>{{cite web |title=European Cities Data Tool |url=https://www.centreforcities.org/data-tool/dataset/european-cities#graph=bar&city=derby&city=leicester&city=mansfield&city=northampton&city=nottingham&sortOrder=high&indicator=gva\\single\\2011 |publisher=Centre for Cities |access-date=20 March 2020 |archive-date=15 February 2019 |archive-url=https://web.archive.org/web/20190215050402/https://www.centreforcities.org/data-tool/dataset/european-cities#graph=bar&city=derby&city=leicester&city=mansfield&city=northampton&city=nottingham&sortOrder=high&indicator=gva\\single\\2011 |url-status=live}}</ref> The headquarters of several large companies are based in the city: these include [[Alliance Boots]] (formerly [[Boots the Chemists]]); Chinook Sciences; GM (cricket bats); [[Pedigree Petfoods]]; [[VF Corporation]] (American clothing); [[Changan Automobile]] (Chinese-made automobiles); the credit reference agency [[Experian]]; energy company [[E.ON Energy UK]]; betting company [[Gala Bingo]]; amusement and gambling machine manufacturer Bell-Fruit-Games; engineering company [[Siemens]]; sportswear manufacturers [[Speedo]]; high-street opticians [[Vision Express]] and [[Specsavers]]; games and publishing company [[Games Workshop]]; PC software developer [[Serif Europe]] (publisher of [[PagePlus]] and other titles); web hosting provider [[Heart Internet]]; the American credit card company [[Capital One]]; the national law firm [[Browne Jacobson]]; and [[Earache Records]], an independent music company founded by local resident [[Digby Pearson]], based on Handel Street in [[Sneinton]]. Nottingham also has offices of [[Nottingham Building Society]] (established 1849); [[HM Revenue & Customs]]; the [[Driving Standards Agency]]; [[Ofsted]]; the [[Care Quality Commission]] and [[BBC East Midlands]]. The schools and aerial photographers, H Tempest Ltd, were Nottingham-based for many years, until relocating to [[St Ives, Cornwall]] January 1959.<ref>{{cite web |url=https://www.htempest.co.uk/post?s=2022-09-21-horace-tempest-a-life-less-ordinary |title=Horace Tempest - A Life Less Ordinary |publisher=Tempest Photography |first=Neil |last=Bason Posts |date=21 September 2022 |access-date=22 January 2025}}</ref> Nottingham was named one of the UK's six science cities in 2005 by the then [[Chancellor of the Exchequer]] [[Gordon Brown]]. Among the science-based industries within the city is [[BioCity Nottingham|BioCity]]. Founded as a joint venture between Nottingham Trent University and the University of Nottingham, it is the UK's biggest bioscience innovation and incubation centre, housing around 80 science-based companies.<ref>{{cite web |url=http://www.science-city.co.uk/ |title=Sciencecity.co.uk |publisher=Science-city.co.uk |date=29 April 2010 |access-date=13 July 2010 |archive-url=https://web.archive.org/web/20171221073743/http://www.science-city.co.uk/ |archive-date=21 December 2017 |url-status=dead}}</ref> In 2010, Nottingham City Council announced that the target sectors of their economic development strategy would include low-carbon technologies; [[digital media]]; [[life sciences]]; financial and business services; and retail and leisure.<ref>{{cite web |url=http://www.investinnottingham.co.uk/ |title=Home Page |publisher=Investinnottingham.com |access-date=13 July 2010 |archive-url=https://web.archive.org/web/20150406061118/http://www.investinnottingham.co.uk/ |archive-date=6 April 2015 |url-status=live}}</ref> {| class="wikitable floatright" |- |+ Economic trends ! Year || Regional gross<br />value added (£m) || Agriculture<br />(£m) || Industry<br />(£m) || Services<br />(£m) |- | 1995 || '''4,149''' || 2 || 1,292 || 2,855 |- | 2000 || '''5,048''' || 1 || 912 || 4,135 |- | 2003 || '''5,796''' || – || 967 || 4,828 |- | colspan=5 style="text-align:center;"| ''{{small|Source: Office for National Statistics}}'' |} The city formerly had a major bicycle manufacturing industry sector. [[Raleigh Bicycle Company]] was established in 1886 and [[Sturmey-Archer]], the developer of three-speed hub gears, was also founded in the city. Raleigh's factory on Triumph Road, famous as the filming location of ''[[Saturday Night and Sunday Morning (film)|Saturday Night and Sunday Morning]]'', was demolished in 2003 to make way for the University of Nottingham [[Jubilee Campus]]'s expansion. In 2015, Nottingham was ranked in the top 10 UK cities for job growth (from 2004 to 2013), in the public and private sectors.<ref>{{cite web|title=Cities Outlook 2015|url=http://www.centreforcities.org/wp-content/uploads/2015/01/15-01-09-Cities-Outlook-2015.pdf|publisher=Centre for Cities|access-date=20 May 2015|archive-url=https://web.archive.org/web/20150319045132/http://www.centreforcities.org/wp-content/uploads/2015/01/15-01-09-Cities-Outlook-2015.pdf|archive-date=19 March 2015|url-status=live}}</ref> and in the same year, it was revealed that more new companies were started in Nottingham in 2014–15 than in any other UK city, with a 68% year-on-year increase.<ref>{{cite web |url=http://www.liverpoolecho.co.uk/news/business/company-start-up-rate-liverpool-10476942 |title=Company start-up rate for Liverpool grows by 35%, says new report |first=Neil |last=Hodgson |date=23 November 2015 |work=liverpoolecho |access-date=8 December 2015 |archive-url=https://web.archive.org/web/20151211090218/http://www.liverpoolecho.co.uk/news/business/company-start-up-rate-liverpool-10476942 |archive-date=11 December 2015 |url-status=live}}</ref> In 2017, Nottingham came seventh in Harper Dennis Hobbes's Top 50 British Centres, behind the [[West End of London]], [[Glasgow]], [[Birmingham]], [[Manchester]], [[Leeds]] and [[Liverpool]].<ref>{{cite web |title=2017 Vitality Rankings Top 50 British Centres |url=http://hdh.co.uk/uploads/2017/06/HDH-Vitality-Index-June-2017.pdf |publisher=Harper Dennis Hobbes |access-date=10 January 2020 |archive-date=22 December 2018 |archive-url=https://web.archive.org/web/20181222162103/http://hdh.co.uk/uploads/2017/06/HDH-Vitality-Index-June-2017.pdf |url-status=live}}</ref> ===Retail=== [[File:Council house 1.JPG|thumb|upright|The Exchange Arcade inside the Council House]] The [[Bridlesmith Gate]] area has numerous designer shops, one being the original [[Paul Smith (fashion designer)|Paul Smith]] boutique. There are various specialist shops and small businesses in side streets and alleys: notable streets include Poultry Walk, West End Arcade and Hurts Yard and Derby Road (the latter once known for antiques). Smaller shopping areas in the city are the older [[Flying Horse Walk]], [[The Exchange Arcade]], [[Hockley Village|Hockley]] and newer Trinity Square and The Pod. [[File:14-26 King Street, Nottingham - geograph.org.uk - 4060560.jpg|175px|thumb|King Street, Nottingham]] Nottingham's [[Victoria Centre]] is the city's main retail shopping centre: it was the first to be built in the city and was developed on the site of the former [[Nottingham Victoria railway station]].<ref name=BBCNEWS>{{cite news |url=https://www.bbc.co.uk/news/uk-england-nottinghamshire-21633311 |title=Nottingham's Broadmarsh shopping centre 'risk' |publisher=BBC News |date=3 March 2013 |access-date=22 February 2014 |archive-url=https://web.archive.org/web/20130306040345/http://www.bbc.co.uk/news/uk-england-nottinghamshire-21633311 |archive-date=6 March 2013 |url-status=live}}</ref> [[File:Bridlesmith Gate - geograph.org.uk - 857552.jpg|175px|thumb|[[Bridlesmith Gate]]]] ===Enterprise zone=== In March 2011, the government announced the creation of '''Nottingham Enterprise Zone''', an [[enterprise zone]] sited on part of the [[The Boots Estate|Boots Estate]].<ref>{{cite news |url=https://www.bbc.co.uk/news/uk-england-nottinghamshire-12853473 |title=Nottingham's Boots site given Enterprise Zone status |publisher=BBC News |date=24 March 2011 |access-date=11 March 2015 |archive-url=https://web.archive.org/web/20150926005534/http://www.bbc.co.uk/news/uk-england-nottinghamshire-12853473 |archive-date=26 September 2015 |url-status=live}}</ref> In March 2012, Nottingham Science Park, Beeston Business Park and Nottingham Medipark were added to the zone.<ref>{{cite news |url=https://www.bbc.co.uk/news/uk-england-nottinghamshire-17264161 |title=Nottingham Enterprise Zone 'could create 10,000 jobs' |publisher=BBC News |date=6 March 2012 |access-date=11 March 2015 |archive-url=https://web.archive.org/web/20140922161149/http://www.bbc.co.uk/news/uk-england-nottinghamshire-17264161 |archive-date=22 September 2014 |url-status=live}}</ref> In December 2014, the government announced that the zone would be expanded again, to include Infinity Park Derby, a planned business park for aerospace, rail and automotive technology adjacent to the [[Rolls-Royce Holdings|Rolls-Royce]] site in [[Sinfin]], Derby.<ref>{{cite news |url=http://www.derbytelegraph.co.uk/LOOKING-INFINITY-Official-start-pound-200m/story-25199984-detail/story.html |title=Infinity Park Derby: Official start to £200m business park vital to city's future |newspaper=[[Derby Telegraph]] |date=5 December 2014 |access-date=11 March 2015 |url-status=dead |archive-url=https://web.archive.org/web/20150324054329/http://www.derbytelegraph.co.uk/LOOKING-INFINITY-Official-start-pound-200m/story-25199984-detail/story.html |archive-date=24 March 2015}}</ref> ===Creative Quarter=== The Creative Quarter is a project started by Nottingham City Council as part of the Nottingham City Deal. Centred on the east of the city (including the Lace Market, Hockley, Broadmarsh East, the Island site and BioCity), the project aims at creating growth and jobs. In July 2012, the government contributed £25{{nbsp}}million towards a £45{{nbsp}}million [[venture capital]] fund, mainly targeted at the Creative Quarter.<ref>{{cite news |title=Nottingham plans creative hub with 'City Deal' cash |url=https://www.bbc.co.uk/news/uk-england-nottinghamshire-18721971 |url-status=live |publisher=BBC News |date=5 July 2012 |access-date=28 September 2013 |archive-url=https://web.archive.org/web/20120923214710/http://www.bbc.co.uk/news/uk-england-nottinghamshire-18721971| archive-date=23 September 2012}}</ref>
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