The Basildon Economy

Basildon stacks up

Basildon borough is an exciting and place to base your business in, we're growing fast and have the perfect conditions to make your business a success - but don't take our word for it.....

Basildon is the largest economy in Essex with £3.8billion of total value added accounting for 14.7% of GVA in the county.

In 2021 we were home to 8,900 businesses.

100,000 jobs

97,000 economically active residents

33% of Essex's advanced manufacturing jobs are in Basildon

Knowledge intensive employment We have a larger concentration of ICT jobs than anywhere else in Essex

Basildon is in the top 10 cities in relation to increasing GVA (19.3%)

Basildon companies produce the third most value from their goods and services in Essex, and the most in South Essex.

People working in Essex earn on average 5% more per year than the average worker in Essex and 10% more on average than the people in the next highest borough in South Essex.

3,600 people travel to Basildon to work, more than any other part of Essex. Basildon is the local authority area with the largest net gains within the Greater Essex region and has a net surplus (taking out the off commuters) of 12000 people every day.

We generate 14% of all jobs in Essex.

More businesses start up in Basildon than anywhere else in Essex or the South East.

Companies in the Creative sector choose Basildon so that they can be close to R&D centres such as Ford Dunton and the growing ICT cluster. Creative industries doubled in size between 2009 and 2015 and are more specialised than anywhere else in Essex.

1/4 of Essex's creative jobs are in Basildon, with nearly 50% more jobs in this industry than our nearest comparator.

Large R&D investments are made ach year by companies in Basildon contributing to economic growth. in 2015 Leonardo spent £3.8million on R&D.

1 in 10 of the world's tractors are produced in Basildon by New Holland Agriculture.

During 2010-14 Basildon had the highest increase of businesses in the knowledge intensive sector (5.25%). More than London (0.62%) and Cambridge (2.94%).

(Sources: Nomis 2018, Basildon innovation study 2014, Centre for Cities report 2016,  Leonardo annual report, UK Counts, ONS, Greater Essex Economic linkages, Regeneris 2015, East of England forecasting, ONS annual survey of hours and earnings workplace analysis 2016, BRES 2015 )