Economy outcome measures

Corporate Plan 2019 -2023

State of the Borough outcome measures

Our Economy

A strong and inclusive economy with continued growth

Contains public sector information licenced under the Open Government Licence v3.0

Gross Value Added (GVA B) £3.16bn

The borough contributes £3,159 million to the country's economy. Following several years of year on year growth above regional and national figures, the provisional 2018 figures estimate a -0.6% decrease in GVA.

Gross Value Added (GVA B) per head £21,208

The GVA per head figure for the borough is higher than the Lancashire NUTS3 areas of Blackpool, Lancaster and Wyre, and Chorley and West Lancashire.

Gross Value Added (GVA B) per hour worked £28.00

GVA per hour provides an indication of productivity levels in an area. The borough has the lowest GVA(B) per hour worked of the NUTS3 areas in Lancashire. This compares to £31.30 in Lancashire NUTS2 area and £32.20 in the North West.

Economic activity 72.9%

72.9% of working age residents are economically active, compared to 78.3% in the North West and 79.7% in England.

Male economic inactivity 22.1%

The proportion of males who are economically inactive is higher compared to levels in both the North West (17.2%) and England (16.1%).

Female economic inactivity 32.3%

The proportion of females who are economically inactive is considerably higher compared to levels in both the North West (26.2%) and England (24.4%).

Employment rate 69.4%

The borough’s employment rate continues to fall below regional (72.5%) and national (76.5%) averages, but the gap has narrowed in recent years.

Number of enterprises 4,895

BwD contributes 9.2% of all enterprises based within Lancashire LEP. Between 2019 and 2020 there was a decrease of -1.6% in the number of enterprises, compared with -0.4% in the Lancashire LEP area.

Employee jobs 67,000

The number of jobs the local economy supports has remained steady over recent years, with the borough contributing c.10% of all jobs found within Lancashire LEP.

Business births 750

Whilst the number of business births fluctuates year on year, there has been a 7.9% increase in the number of new enterprises in the borough since 2015, compared to 5.7% in Lancashire CC.

Business deaths 590

As a percentage of active enterprises in the borough, in 2019 10.8% of businesses closed. This compares to 11.0% in Lancashire CC.

Resident full time annual earnings £25,107

The borough has one of the lowest levels of median resident earnings in Lancashire. Similarly the borough sits below regional (£28,487) and national averages. (£30,661)

Workplace full time annual earnings £25,856

The borough has consistently seen a higher level of workplace earnings compared to its residents - suggesting that the area experiences levels of economic commuting. Workplace earnings are c. 3.0% higher than resident earnings.

Gross domestic household income per head (GDHI) £13,741

The borough has the third lowest level of GDHI of the local authorities in the UK. Only Nottingham and Leicester have lower levels.

Our economy sources

  • Gross Value Added (b) - Office for National Statistics - Nominal regional gross value added (balanced) per head and income components: 2018
  • Gross Value Added per head - Office for National Statistics - Nominal regional gross value added (balanced) per head and income components: 2018
  • Gross Value Added total and per head - Office for National Statistics -Regional gross value added (balanced) per head and income components 2018
  • Gross Value Added per hour worked - Office for National Statistics - Subregional productivity in the UK: 2018
  • Economic activity (16 - 64) - Office for National Statistics - Nomis, Annual Population Survey: July 2019 to June 2020
  • Male economic inactivity - Office for National Statistics - Nomis, Annual Population Survey: July 2019 to June2020
  • Female economic inactivity- Office for National Statistics - Nomis, Annual Population Survey: July 2019 to June 2020
  • Employment rate - Office for National Statistics - Nomis, Annual Population Survey: July 2019 to June2020
  • Number of enterprises - Nomis - UK Business Counts: 2020
  • Employee jobs - Nomis - Business Register and Employment Survey (Open Access): 2019
  • Business births - Office for National Statistics - Business Demography UK: 2019
  • Business deaths - Office for National Statistics - Business Demography UK: 2019
  • Resident full time annual earnings - Nomis - Annual Survey of Hours and Earnings: 2019
  • Workplace full time annual earnings - Nomis - Annual Survey of Hours and Earnings: 2019
  • Gross Domestic Household Income - Office for National Statistics - Regional gross disposable household income, UK: 1997 to 2018