Local economic information
To help businesses with their relocation decisions, we have created an economic profile for Ashfield.
Economic profile
- Population:131,093 (As of 2021 taken from Lightcast Emsi Burning Glass Economic Report*)
- Working age population (aged 16 to 64): 80,634
- Our labour force: 67,350 people
- Average wages - £536 per week (This is 7% lower than regional average)
- Unemployment - 2,860 people (This equates to 3.61% of the working age population): Taken from October 2022 NOMIS Data.
- Average housing prices - £178,385 (This is 34% lower than regional average)
- Number of businesses - 4,222 businesses (As identified in November 2022 from FAME)
- Number of business parks - 13 (See the commercial property page on this website for details)
- Number of retail shops - 700
- Number of people employed in our district - 50,973
- In-Demand Skills include: Warehousing, Nursing, Auditing and Mental Health all are above the the national average in our District.
- GDP £3.3 Billion; Ashfield contributes 0.2% to the UK Economy.
Major industries
- Health
- Wholesale & Retail
- Manufacturing
- Construction
- Transport and storage
- Education
Quick Summary of main take away information:
- As of 2021 our population as increased by 5.3% since 2016, growing by 6,580. Population is expected to increase by 4.2% between 2021 and 2026, adding 5,544.
- Ashfields labour market retirement risk is about average. The national average for an area this size is 47,905 people 55 or older, while there are 49,116 here.
- From 2016 to 2021, jobs have declined by 0.1% in Ashfield from 51,006 to 50,979. This change fell short of the national growth rate of 1.3% by 1.4%.
- Concerning educational attainment, 15.0% of Ashfield residents possess a Degree or Equivalent and Above - SCQF L9 (18.6% below the national average), and 7.3% hold a Higher Education Below Degree Level - SCQF L7-8 (0.7% below the national
average). - Our top three industries in 2021 are: Hospital Activities, Construction of Other Civil Engineering Projects and Warehousing and Storage.
- Our top three growing industries are: Hospital Activities, Transportation and Storage, Information and Communication.
Contact us
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This page was last updated August 2022.