Local Economy

Local Economy

A thriving region in the East Midlands, South Kesteven supports a prosperous, diverse economy. Around 6,000 businesses in the district combine to produce a Gross Value Add (GVA) of nearly £3 billion a year.

Growth in South Kesteven has been strong since the turn of the decade, consistently outstripping national growth rates. Similarly, productivity has been increasing at nearly twice the regional and national growth rates.
With a higher than average proportion of its working age population in employment, the unemployment rate in South Kesteven remains below regional and national levels.

 

With property and land costs and gross weekly pay being below average levels, it’s an extremely affordable place to invest and do business.

While manufacturing, agriculture, design, technology and engineering have been particularly strong sectors within the district historically, it’s now the home of several innovative businesses in a variety of other industries including financial services, the digital and creative sector, and advanced manufacturing.

 

Major UK and overseas employers include Park Air Systems, Moy Park, Parker Hannifin, Totemic, Alltech, XPO Logistics and The Woodland Trust. Significant technological and scientific advances are being made every day in South Kesteven. World-class businesses are flourishing and experts in their field are being recognised internationally.

 

You’ll be in good company in South Kesteven. Contact us to discuss your growth plans.

Rural harvesting
Engineering

To find out more about our growing economy, download the 2019 Economic Intelligence Report.

View the 2017 Economic Intelligence Report.

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Talk to us about doing business in South Kesteven