Northampton remains a catalyst for business

Businesses in Northampton
View of Northampton businesses from National Lift Tower
Published: Wednesday, 27 January 2016

Northampton has proven its worth to the UK economy again, according to the latest report from Centre for Cities.

Cities Outlook 2016 puts Northampton in second place for business start-ups, second only to London, and with the highest margin between start-ups and closures during 2013-14.

In the same period, Northampton had the highest average increase in the number of businesses, at 9.9 per cent, with closest rival Milton Keynes at 6.2 per cent.

Northampton also had the UK’s second highest rate of employment at 78.6 per cent. Only Aldershot performed better at 83.4 per cent.

Cllr Tim Hadland, Northampton Borough Council Cabinet member for regeneration, enterprise and planning, said: "We have known for some time that Northampton is an incubator for entrepreneurial spirit. For the past few years, Northampton Waterside Enterprise Zone has made great strides in providing quality employment, and continues to do so.

The Northampton Alive regeneration programme has brought about rapid change and a wealth of opportunity for those with the drive and ambition to seize it. And the University of Northampton has become a champion of social innovation, recognised in its status as the only Ashoka U Changemaker Campus in the UK.

This report demonstrates that everyone’s hard work is paying off."

Northampton is also in the top ten for population growth, with an average annual 1.2 per cent increase over ten years to 2014.

Housing stock has kept pace, with an increase of 0.8 per cent in 2013-14, also placing Northampton in the top 10.

And Northampton has climbed into the top ten cities for broadband connectivity, with 83.4 per cent of postcodes achieving superfast speeds - 20 per cent above the national average.