Investment News | 16 September 2020
City Recovery
The high street in Derby is returning to pre-pandemic activity levels more rapidly than other cities in the Midlands region.
According to new research by the Centre for Cities, statistics which indicate average footfall levels in city centres for the last full week of August show an overall recovery index of 93% for Derby. Offline sales in Derby city centre have also risen to 85% of their pre-lockdown figure.
The Centre for Cities Recovery Tracker looks at how cities are recovering from Coronavirus and shows that, although all cities experienced a sharp drop in activity as a result of lockdown, some are seeing it return faster than others.
Amongst its sources, the Tracker uses anonymised mobile phone data, updated on a monthly basis. The research also looks at consumer spending and the return of workers to the city centre, with breakdowns for weekend and night-time economies.
