The latest research on Buckinghamshire’s economy is in, giving us a greater understanding of how business, social and economic landscapes are changing over time.
New firm formation
Buckinghamshire’s new firm formation rate of 82.6 businesses for every 10,000 residents is the 5th highest of all 27 county council areas. The number of new businesses fell by 10.3 per cent over the previous year to stand at 3,520. Business deaths rose by 12.8 per cent to 3,490. Business births were just 0.9 per cent higher than deaths in 2017, having been 41.8 per cent higher in 2014.
Buckinghamshire’s new firm formation rate is now 14.7 per cent above the national rate, having been 49.8 per cent higher in 2010.
Buckinghamshire’s housing stock grew by 2,550 or 1.2 per cent in 2017-18, the 9th highest rate among England’s 27 county council areas. All districts saw housing stock rise by more than the average recorded since 2012/13.
House prices and sales
Buckinghamshire’s average house price now stands at £406,332, having fallen 1.0 per cent over the last year, the weakest rate of any of the 27 county council areas and markedly below the rises of 1.7 and 3.5 per cent recorded across the south east region and the UK as a whole respectively.
Buckinghamshire’s claimant count rose by 45 in November to stand at 2,980. At 0.9 per cent of working age residents, Buckinghamshire has the 3rd lowest claimant count rate among the 27 county council areas, ranking 2nd lowest among the 38 Local Enterprise Partnerships. There are now 1.7 local vacancies for every claimant in Buckinghamshire compared to 0.7 across Great Britain.
Train station usage
There were a record 14.8 million entries and exits from Buckinghamshire’s stations in 2017/18. Usage of Buckinghamshire’s stations grew 0.9 per cent over the previous year, well above the 0.4 per cent recorded across the country as a whole.
High Wycombe was again the county’s most commonly used station with 3 million entries and exits, making it the 184th busiest station of all 2,563 in Great Britain.