Fenland is home to a population of 97,700 people, 61% of which are of working age. The economy of Fenland features a diverse mix of sectors and is made up of 3,340 businesses which combine to produce a GVA of around £1.6bn a year, operating at a productivity level of £34,300 per worker.
By employment, Fenland's largest private sector is Manufacturing, with Construction featuring as the largest sector based on the number of business units, closely followed by Agriculture.
With a much higher than average economic activity rate of 84.2%, a gross weekly pay of £384.40, a house price to earnings ratio of 5.37 and below average commercial property and land costs, Fenland is an affordable place to live and do business.
Fenland's economic growth has outstripped other regions of the UK for the last three years thanks to a thriving entrepreneurial spirit amongst our small but industrious population. Over 70% of businesses that were set up within the last 5 years in Fenland remain actively trading.
We have Cambridgeshire's only commercial port to sea in Wisbech and, with the A47 and A1101, enjoy good road links to Peterborough, Cambridge, Norwich and King's Lynn. Fenland offers an affordable base with easy access to urban centres and alternative trade routes.
Our businesses are committed to their workforce. Fenland employees receive the highest rate of on-the-job training compared to anywhere else in the UK. We have an amenable workforce that can be up-skilled in industry specific specialisms thanks to a new £7 million training centre at the College of West Anglia and have an apprenticeship up-take that mirrors regional and national trends.
By employment our top sectors are:
Our economic centres
This retail sector is set to strengthen as Fenland aims to capitalise on its tourism pull and improve its business offer. Regeneration projects like Wisbech 2020 and the Garden town initiative are already creating a buzz around Wisbech, Chatteris, March and Whittlesey, improving infrastructure to give tourists and businesses better access and putting stock into these historic market towns to provide a renewed attraction for visitors.
For more information about our local economy, talk to Fenland for Business.
Call: +44 (0) 1354 622506
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This is an informal and relaxed drop-in session which is free to attend and organised by Link4Coffee in partnership with Fenland District Council. Held every 4 weeks, these events give local organisations a chance to connect with each other...Find out more
This free event will focus on grant funding and business support specifically aimed at helping rural and agricultural organisations across Fenland. Speakers will include the Country Land and Business Association (CLA), the Eastern Agri-tech...Find out more
A free of charge, informal and relaxed drop-in session organised by Link4Coffee in partnership with Fenland District Council. These events run every 4 weeks to give local organisations a chance to connect with each other and the local commu...Find out more