Derby has a history of innovation dating back to the industrial revolution, a mindset that continues to serve it well into the digital age. Local authorities – keen to make the city somewhere to live as well as work – have spent the past few years improving Derby's leisure offering, all of which is enabling the city to continue to punch above its weight.

The UK's manufacturing decline of recent years seems to have bypassed Derby, which has met the challenge of low-cost competitors in the developing world by focusing upon quality.

The service levels shown to foreign companies locating in Macedonia's free zones have come as a pleasant surprise to even the most seasoned of professionals, giving the country a further competitive advantage on top of its tax incentives and cheap labour.

While global vehicle sales were up in 2012, carmakers are proceeding with caution, with closures in some regions shifting industry focus to the US and developing markets.

The rising price of labour is one reason for the decline in automotive manufacturing in the UK in recent years, but this has not stopped Japanese car manufacturer Toyota from increasing its operations in the country. UK deputy managing director Tony Walker explains why such labour costs should not stop the UK from being a successful car producing country.

Derby was one of the key cities in the UK during the Industrial Revolution, and that spirit has remained as it has set itself as one of the country's hubs for high-tech industries such as automotives and gaming.