Economic profile

General Statistics

Population - currently 84,200 with growth of around 5.5% between 2001 and 2011(lower than regional and national averages)

Employment - The number of workforce jobs was 48,300 in 2012 representing an increase of 15.9% from the 1997 level, outpacing growth in the wider East of England region (14.8%) and national employment growth over this period (9.1%). In terms of the recession Stevenage recorded a slight increase of about 440 workplace jobs in overall terms during the period 2007 - 2010 and has since continued to register net job gains.

In employment terms the largest sectors are business services (23%), health and care (17%), manufacturing (13%) and retail (10%) plus particular strengths in the Aerospace and Pharmaceutical industries as well as Advanced Engineering, Information Technology and Environmental Industries.

Productivity - measured by Gross Value Added (GVA) per worker within Stevenage’s labour force, is relatively high (£42,380), compared with regional and national averages, due in part to the area’s strong representation of high value knowledge intensive activity

A full Employment & Economy Baseline Study was completed in March 2013 and gives further information about the overall economy together with current information on the existing employment sites and premises as well as assessing future space needs for B class employment uses (offices, industry and warehousing) under a range of different growth scenarios. The report can be viewed using the link below:-

Stevenage Economic & Business Bulletin

The Council’s Economic Development unit produces an e-bulletin approximately every 4-6 months with updates on the Council’s and partners activities, plus events which may be of interest to businesses. Please see the latest editions below and if you would like to be added to the distribution list please e-mail economicdevelopment@stevenage.gov.uk