South Northamptonshire - number one for economic vibrancy in the county
21 Jun 2018
One of the world’s largest independent business accountancy firms has identified South Northamptonshire as the most economically vibrant district in the county.
For the past six years, Grant Thornton has issued the Northamptonshire Limited report which focusses on the growth of Northamptonshire’s top 100 privately owned businesses.
In a national league table of local authority areas, South Northamptonshire features in the top 40 percent of places in the country. The ranking is a measure of growth, innovation, social equality, health and happiness.
Cllr Stephen Clarke, South Northamptonshire Council’s (SNC) Portfolio Holder for Growth and Regeneration, said: “South Northamptonshire is the ideal location for businesses to invest in as well as being perfectly placed for businesses to succeed.
“This report shows that during a time of uncertainty the district continues to be a good place to live, work, invest and grow.”
The Northamptonshire Limited report analyses the financial performance of the county’s leading privately owned companies to provide a yardstick against which to measure health of the local economy.
The findings of the 2018 report showed that the combined turnover of the 100 companies rose by 5.6 percent to £6 billion, and employment levels rose by 9.7 percent.
In addition to seven of the top 100 county firms with bases registered in South Northamptonshire, the district has 66 business parks and is home to over 5,000 companies, including: AMG Petronas Motorsport, Faccenda, John Lewis and Yusen Logistics.
Eighty percent of the working age population is employed, and the district’s workforce also has an above average level of education, with over 90 per cent qualified to NVQ1 and above.
A recent study showed that around 2.7 million tourists visit the district each year and spend over £183.5 million, and in addition to good road links via the M1 and M40 motorways, the district is at the centre of the Oxford-Cambridge growth corridor and has five international airports within a two hour drive.
With a rising population and ambitious numbers of new houses being built, South Northamptonshire is perfectly positioned to grow and thrive.
For more information, visit - www.investinsouthnorthants.com.