Sheffield businesses today welcomed a report by think tank Centre for Cities comparing the economic health of Britain’s 64 largest towns and cities.
The report shows that while Sheffield has experienced a large growth in unemployment, private businesses here are now creating jobs.
It states that challenges remain, such as poor school attainment.
But David Grey, group managing director of engineering firm OSL Holdings, based at Imperial Works, Carbrook, is optimistic.
He said: “Clearly some elements of the report indicate the challenges we are facing.
“However there is some genuine cause for optimism in the report, most notably the amount of high skills in our economy and signs that the city region economy has held up better than some other places during the recession.
“It also makes clear that Sheffield City Region is one economy and that moving forwards, we must work across old geographical and administrative boundaries through vehicles like the Local Enterprise Partnership between businesses and local authorities if we are to succeed.”