Guildford has the best economic prospects outside of London, according to a new survey.

The annual report assesses the economic prospects of towns and cities outside the capital, highlighting those areas that offer the greatest potential for economic expansion during the coming 12 months.

The results rank each location in six categories: most productive; fastest growing; most entrepreneurial; best educated; greenest and most affluent.

Ranked in first place for driving economic growth, Guildford has replaced Cambridge as the area with the strongest and most robust economy, offering businesses and investors opportunity for development, expansion and growth.

Guildford’s main attributes were listed as its high level of affluence, low levels of unemployment and high status educational offering.