Economy Profile
One of the Council’s core priorities is ‘Supporting businesses and residents to deliver a prosperous local economy’.
A general assessment of data for the Harborough economy shows that the headline characteristics and performance of Harborough’s economy is largely positive. It’s amongst the highest economic activity rates, lowest unemployment, high skills profile and highest average earnings of the LLEP area.
● Resident population aged 16-64 is 60.4% in Harborough
● Economically Active 80.5% in Harborough
Source: Office for National Statistics
Qualifications profile in Harborough (2020)
● NVQ4 and above 46.1%
In Great Britain the figure was 43.1% of the working age population has an NVQ4 and above.
● NVQ3 and above 65%
● NVQ2 and above 86.6%
● NVQ1 and above 95.4%
Earnings by place of residence (2022)
● Gross Weekly Pay (Full time workers) £653.00
● Average Hourly Pay (Full time workers) £16.76
Businesses in Harborough
Latest data shows that between 2011 and 2015 business start-ups rates in Harborough district have grown by 16.3%. An increase from 460 start-ups in 2011 to 535 in 2015. The business survival rates are the second highest in the LLEP area, 67.8% of start-ups surviving after 3 years. This demonstrates a positive and resilient business base for start-up businesses in the district.
Source: Economic Development Strategy & ONS Data
Enterprises in Harborough – 5,350 (2022)
● Micro (0 to 9): 4,830
● Small (10 to 49): 430
● Medium (50 to 249) 70
● Large (250+) 15
Local Units in Harborough – 5,850
● Micro (0 to 9): 5,115
● Small (10 to 49): 615
● Medium (50 to 249): 105
● Large (250+): 15
Source: Office for National Statistics
Key Employment Space
Market Harborough
- The Point Business Park, Rockingham Road
- Bowden Business Village, Off Leicester Road
- Riverside End Industrial Estate, Riverside
- Compass Point Business Park, Northampton Road
- Airfield Business Park, Leicester Rooad
- Peaker Park, Rockingham Road
Lutterworth
- St John’s Business Park, off Rugby Road
- Bilton Way Industrial Estate, Leicester Road
- Midland Court, off Leicester Road
- Cosford Business Park, off Central Way
Broughton Astley
- Swannington Road/Stainer Road Industrial Estate
Rural Centres
- Nursery Court and Milestone, Kibworth Business Park, south of Harborough Road, Kibworth Harcourt
- Churchill Way Industrial Estate, Fleckney
Population
The 2021 Census revealed the districts population has increased to 97,600.
POPULATION BY AGE
| Harborough | Leicester | Leicestershire | LLEP Area | England | |
|---|---|---|---|---|---|
| Total Population | 93,800 | 354,200 | 706,200 | 1,060,400 | 56,287,000 |
| 0 to 15 (#) | 17,200 | 76,100 | 126,800 | 202,800 | 10,816,700 |
| 16 to 64 (#) | 56,000 | 235,100 | 434,500 | 669,600 | 35,116,600 |
| Over 64 (#) | 20,600 | 43,100 | 144,900 | 188,000 | 10,353,700 |
| 0 to 15 (%) | 18.3 | 21.5 | 17.9 | 19.1 | 19.2 |
| 16 to 64 (%) | 59.7 | 66.4 | 61.5 | 63.1 | 62.4 |
| Over 64 (%) | 21.9 | 12.2 | 20.5 | 17.7 | 18.4 |
Housing
MARKET HARBOROUGH AVERAGE HOUSE PRICES
£447k
Detached average price
£327k
Semi-detached average price
£252k
Terraced average price
£200k
Flat average price
…COMPARED TO THE AVERAGE HOUSE PRICES IN OTHER AREAS OF THE UK
*statistics collected over the last 12 months
£295,756
Leicestershire
£414,795
Hampshire
£583,919
South East London
£840,851
North London
