Newport is a small but bustling city, in an impressively strategic location. Not only is it within easy reach of lively cities such as Cardiff and Bristol, it also has great transport links via road, rail, sea and air. London can be reached in 90 minutes, and there are a total of 1.6 million people one hour away. Employee retention rates are better than the UK average, and commercial rents and salaries are up to 40% cheaper than London.
The city of Newport is growing and becoming increasingly vibrant thanks to its £2 billion regeneration programme, providing a wide range of new business opportunities in the process. The city is also enjoying multi-million pound investment to develop its broadband, becoming one of the best connected cities in the region.
To find out which specific industries are currently performing the best in Newport, take a look below. We've used our Newport B2B data to create a list of the city's leading businesses, ranked by their most recent revenue figures. The results may just surprise you!
MoreOne industry that has become increasingly important to Newport in recent times is tourism. 4.78 million visitors came to the city during 2016, an impressive increase of over 57% from the year before. The amount of day visitors grew by nearly 75%, reaching a total of four million, while overnight stays increased to 730,000.
The most recent figures from the STEAM survey revealed that the tourism industry generated £373.59 million for the city's economy in 2016, an increase of 19.4%. This also lead to an increase of 23.3% in the number of jobs currently being supported by the industry, reaching a total of 4,102.
