Swindon has been named as one of the UK’s most economically productive areas, according to new data.

New research compiled in collaboration with global fintech group Plus500 has ranked the town ninth in a list of the country’s most financially fruitful places.

Plus500 analysed the Gross Value Added (GVA) per hour worked in the UK from 2004 to 2021, using data from the ONS.

GVA represents the value of goods and services produced in an area, industry, or sector of an economy, and is one of the most important indicators of regional economic performance. 

Swindon earned its top-ten finish due to the major businesses which reside in the town and employ thousands of residents.

“There are approximately over 29,000 businesses across Swindon, which include national headquarters for companies such as Nationwide, Intel, and Zurich,” said a Plus500 spokesperson.

“This is why it's known as the regional centre for business.

“The area contributes around £21 billion GVA annually, equating to £50.90 per hour worked, making it one of the UK’s most financially productive areas.”

Swindon has a GVA per hour worked of £50.90 seeing it only narrowly beaten in the list by the likes of Tower Hamlets, North Hampshire and Westminster.