Open for business: Preston praised for its growing start-up culture
Preston is a city which has shrugged off its industrial decline to become a beacon for economic growth, according to a think-thank.
The Centre for Cities says Preston is better placed than cities such as Bradford and Liverpool to grow in the coming years due to its location and the skills of local people.
Data analysed by the group, which studies cities and their impact, showed in 1901 Preston ranked in the bottom quarter of English cities and towns for its economy.
New figures show a big leap in the number of businesses starting up and choosing to locate in Preston, moving it into the top third.
The Economist picked up on this research to praise Preston, but questions whether it can compete with Manchester and Liverpool.
Edwin Booth, chairman of the Lancashire Enterprise Partnership and Booths supermarket, said the city had a strong industrial heart and would continue to reinvent itself.
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