Cardiff is a city full of vibrancy and strength, highlighting the potential and dynamism of a capital city in prime position for sustained economic growth.
Cardiff is the backbone of the Welsh economy, drawing in investment, talent, and attention far beyond its borders.
As a capital city, Cardiff serves multiple pivotal roles. It is the administrative heartbeat, the political epicentre, and the commercial and cultural hub of Wales. This identity has accelerated its growth, especially in the financial and professional services sector, which has seen a significant employment surge over the past two decades.
This sector in particular has benefited from Cardiff’s stable yet dynamic economic environment, transforming the city into a jobs engine that powers much of Wales.
The pandemic posed challenges and stirred global economic and social shifts, prompting a revaluation of working practices that Cardiff, like many cities, has had to navigate. However, property is just one segment of Cardiff’s broad economic offering. Beyond bricks and mortar, Cardiff’s real strength lies in its human capital, fuelled by the presence of three major universities. These institutions not only enhance the city’s intellectual and cultural fabric but also supply a steady stream of graduates, energetic, skilled, and looking for opportunity.
Growth sectors include life sciences, fintech, legal tech, AI, digital & cyber. The creative sector in Cardiff is also mature, supported by three universities that are all directly engaged in nurturing talent in arts and media. This sector’s growth is part of the driving force behind the city’s evolving economic and cultural landscape, where traditional industries meet modern creativity.
In little over a decade, central Cardiff has seen a 1.5 million sq ft pipeline of office development delivered. New development was put on hold in 2021 with post-Covid changes in working practices and the cranes on the skyline are now for residential towers. As the driver of the Welsh economy, and the focal point in our ‘hub & spoke’ South Wales Metro transit system, it is vital we protect and expand the Grade A employment hub in the city centre. That way we can attract and retain the industries and businesses of the future.
Personal experiences, like my own journey from an incoming student to a permanent resident and business owner, highlight Cardiff’s magnetic appeal. The city’s educational institutions do not just attract bright minds – they are gateways for sustained inward migration. This influx of talent perpetuates a cycle of renewal and innovation within the city’s businesses and communities.
Cardiff’s economic narrative is one of continuous transformation and opportunity. Cardiff is not just keeping pace but setting benchmarks. It is a compelling destination for businesses, investors, and talented individuals looking for a place where their ambitions and dreams can flourish.
