Thinking of Staring or moving your business to Shrewsbury?
Why Shrewsbury – a great place for entrepreneurs:
A summary of the Shropshire and Shrewsbury economic landscape:
The Shropshire Economic Context
1. The vision for Shropshire’s Economic Growth set out by Shropshire Council between 2017 and 2021 is:
“For Shropshire to be an excellent location in which to do business, renowned for the pool of talent among its people and widely respected for its ability to attract investment. We will maximise our full economic potential and fully utilise our high quality assets to generate growth and increase productivity.”
2. The key sectors for employment Shropshire are (as set out in the IPPR report produced in 2016):
a) Retail and Wholesale (24%).
b) Human health and social work activities (21.5%).
c) Manufacturing (13.5%).
d) Education (13.5%).
e) Construction (12%).
f) Accommodation and food services (11%)
3. The key sectors for employment Shrewsbury (& Atcham) are (as supplied by the ONS):
a) Retail and Wholesale (16.3%).
b) Accommodation and food service activities (7.1%).
c) Professional, scientific and technical activities (7.1%).
d) Public administration and defence; compulsory social security (7.1%).
e) Manufacturing (6.1%).
f) Construction (5.1%)
4. The Shropshire Demographics
In general terms, the population of Shropshire has increased by 26,900 or 9% since the 2001 census although future forecasts suggest future population numbers, whilst continuing to grow, may increase at a lower rate.
The key drivers for population growth are:
a) The 16-29-year-old group has experienced an increase of more than 10%.
b) The 30-44-year-old group has declined.
c) The 45-64-year-old age group has increased by more than 10%
d) The 65+ age group has grown by 40%.
5. The Shrewsbury (& Atcham) Demographics
In general terms, Shrewsbury and Atcham has an above average number of residents employed in
a) Professional occupations (21.8% vs. GB average of 20.2%)
b) Sales and customer services (12.1% vs. GB average of 7.6%)
c) Elementary occupations (12.2% vs. GB average of 10.7%)
Settling into Shrewsbury – join #teamshrewsbury
Shrewsbury’s natural beauty and built heritage, laid down over the centuries, are the foundation of its many qualities –its “assets”.
The town is famed for its quality of life, as well as its distinctiveness.
It is the birth place of the renowned evolutionary biologist, Charles Darwin whose independent thinking was shaped by the nearly 30 years he spent in the town
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