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Northamptonshire Analysis
The authority on Northamptonshire statistics

The Local Economic Assessment (LEA) 

What is a Local Economic Assessment?

Love NorthamptonshireThe Local Economic Assessment (LEA) provides an overview of the local economy in Northamptonshire, and builds an evidence base to support the Strategic Economic Plan (SEP). This provides partners with a common understanding of the local economic conditions that are prevailing so objectives can be delivered in a way that is evidence led.

The LEA

The 2015 Local Economic Assessment (LEA) for Northamptonshire replaces the 2014 version and provides an updated assessment of the Northamptonshire economy in terms of its characteristics, strengths and weaknesses.

Executive Summary

 This local economic assessment is organised into four chapters which are consistent with the priorities of the SEP;

  • Business and Innovation
  • Employment and Skills
  • Housing
  • Infrastructure and Connectivity

 

Each chapter also contains a Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis. These are designed to be a structured planning method to evaluate each area of Northamptonshire’s economy in an objective way. Each chapter also contains a key statistics page which outlines the headline figures for each subject area. Throughout this Local Economic Assessment the most recent data has been used as far as possible, to give an accurate and representative view of the economy. There is also a district level key statistics page at the end of this document.

This document has been produced by Northamptonshire County Council’s Business Intelligence and Performance Improvement (BIPI) department on behalf of Northamptonshire Enterprise Partnership (NEP)

Please note that the vast majority of the data found in the LEA is available here on Northamptonshire Analysis which is also constantly being updated with new datasets and newer versions of existing datasets.

Throughout the LEA, comparator Local Enterprise Partnerships are referred to. These are the four Local Enterprise Partnerships which are defined as the closest statistical comparators by Oxford Economics, based on employment and population. They are: Cumbria LEP, Gloucestershire LEP, Swindon and Wiltshire LEP and The Marches LEP.

For the full executive summary and key statistics please click the link below;

Northamptonshire LEA 2015 - Executive Summary (PDF Format 0.8MB)

Chapter 1 - Business and Innovation

Number and size of business

This section provides a stock take of the size and change within the business population in Northamptonshire in terms of number of jobs, active enterprises, business births, deaths, survival rate, churn, proportion of micro, small, medium and large businesses, contribution of businesses to the economy (GVA), earnings by workplace. 

Analysis of businesses

This section offers an insight into what businesses in Northamptonshire do; mainly in terms of the industry sectors they operate in alongside a scorecard to highlight their importance to the local economy across a number of indicators. An insight into the competitiveness of Northamptonshire-based businesses is also provided in terms of productivity, exporting, and research and innovation.

SWOT analysis

As a conclusion to the Business and Innovation Chapter, this section provides a summary of the information contained within this chapter in the form of a ‘SWOT’ (Strengths, Weaknesses, Opportunities, and Threats) analysis.

For Chapter 1 please click on the link below;

Northamptonshire LEA 2015 - Chapter 1 - Business & Innovation (PDF Format 1.9MB)

Chapter 2 - Employment and Skills

 Working age population

This section assesses the working-age resident population and changes in the wider population which impact on the proportion of those of working-age. It highlights changes in the aged population, numbers of young people, and the affects of domestic and international migration, as well as qualification levels amongst the adult population.

Working population

This section outlines the ‘in work’ resident population in terms the characteristics of those in employment, including qualification levels (including by employment rate), occupations, levels of self-employment, earnings and disposable income. 

Unemployment

This section assesses the unemployed resident population and characteristics of those seeking work and claiming out of work benefits, reasons for claiming, jobs sought and identification of groups who are disproportionately affected by unemployment.

Skills and qualifications

This section reviews skills and qualifications of the current, resident working-age population and future generations in terms of qualification levels and school attainment and provision, drawing on the Northamptonshire Skills Strategy.

Social Mobility

This section assesses social mobility and opportunity for Northamptonshire residents and the risk factors associated with low social mobility and affect of wasted talent on the local economy. This will consider the affects of child poverty, parental qualifications, employment status and earnings, and prospects for young people in terms of the NEET rate, youth unemployment rates, quality of jobs and vocational training.

SWOT analysis

This section assesses the strengths, weaknesses, opportunities and threats related to employment and skills in Northamptonshire.

For Chapter 2 please click on the link below;

Northamptonshire LEA 2015 - Chapter 2 - Employment and Skills (PDF Format 2MB)

Chapter 3 - Housing

Current housing stock

This section assesses some of the key features of Northamptonshire’s housing stock, based on the following indicators:

  • Total dwellings
  • Private housing stock as a % of all dwellings
  • Social housing stock as a % of all dwellings
  • % of vacant dwellings and second homes
  • Council tax band distribution
  • Number of statutory homeless households

 

House building

This section outlines the house building levels in Northamptonshire and all the districts contained within it. It focuses on the following topics:

  • District level house building
  • House building compared to statistical comparators

 

Affordability, need and demand

This section assesses the affordability, need and demand of housing in the county. The key indicators analysed are:

  • Median house price
  • Mean house price
  • House price predictions
  • Interest rates
  • Expenditure on mortgages and rent
  • Mortgage and landlord possession claims
  • Housing tenure
  • Number of sales
  • Lower quartile house prices to lower quartile earnings

 

SWOT analysis

This section summarises the key issues from the LEA Housing Chapter and outlines the strengths, weaknesses, opportunities and threats related to the housing market in Northamptonshire. 

For Chapter 3 please click on the link below;

Northamptonshire LEA 2015 - Chapter 3 - Housing (PDF Format 2.3MB)

Chapter 4 - Infrastructure and Connectivity

 Transport

This section provides an insight into transport connectivity to major transport network access points, traffic volumes and ‘rush hour’ congestion and travel to work patterns and preferences in terms of average distance travelled, ‘out-commuting’, mode and car/van access. 

Digital

This section provides statistics on digital connectivity in terms of availability of Superfast Broadband and Next Generation Access in the County, Internet usage, as well as expected future deployment

Commercial property

This section provides a summary of a workspace assessment for Northamptonshire carried out by property consultants AspinallVerdi in 2013, covering availability and take-up in the office market (B1), industrial/distribution space market and demand for managed workspaces.

Climate change

This section highlights cost to business of impacts of climate change such as extreme weather events, with information about local flood risk and mitigating actions.

SWOT analysis

As a conclusion to the Infrastructure and Connectivity Chapter, this section provides a summary of the information contained within this chapter in the form of a ‘SWOT’ (Strengths, Weaknesses, Opportunities, and Threats) analysis.

For Chapter 4 please click on the link below;

Northamptonshire LEA 2015 - Chapter 4 - Infrastructure and Connectivity (PDF Format 1.5MB)

Full Local Economic Assessment

The Full Local Economic Assessment for Northamptonshire document can be accessed by clicking the link below

Northamptonshire LEA 2015 - Full Version (PDF Format 5.65MB)

Older versions of the LEA and other documents and information used in the creation of the assessment are available in the Resources Section.

 

 

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