Our ambition is to make Slough the location of choice for
business, for those already based here and those who may
choose Slough in the future, building on our proximity to
London and Heathrow and our excellent transport links; for
Slough businesses to thrive and grow, creating sustainable
job opportunities for our residents and growth opportunities
for our businesses; and for our residents to have the skills
that they need - and businesses need – for them to
succeed in the future.
By economic growth we mean
increasing productivity,
innovation and jobs
. We will track measures of the health
of the Slough economy:
• Productivity:
an increase in the output of Slough
businesses and workers;
• Innovation:
an increase in new ideas that are successfully
exploited to create economic, social and environmental
value;
• Employment:
an increase in the number of people in work
• Prosperity:
an increase in the average earnings of our
residents.
Of course, the health of the
Slough economy will mainly
be determined by a range of
global and national drivers,
but where we can make a
difference we will do so.
Slough’s economy has been
picking up momentum since
the downturn. Unemployment
levels and business
confidence has indicated
that Slough showed great
resilience to the economic
climate compared to other
areas. This has meant that
recovery has been positive
but nonetheless a challenging
one. Key strengths for Slough include its accessibility,
location, skilled workforce, access to valuable markets,
high-quality supply chain and a competitive and dynamic
business environment. A renewed focus for Slough will see
the borough continue to develop the skills of its workforce
and local population and to increase the amount of
business start-ups.
Key highlights of Slough’s economy:
•
87,000 jobs in total
•
4,600 enterprises
•
71% of 16 to 65 year olds in work
•
GVA in Berkshire is projected to increase from its 2006
level of £22,580 million (13% of South East GVA) to
£35,307 million (20% of the South East’s GVA) by 2026.
•
Continued growth in service sector jobs
•
Growth sectors include telecommunications,
biotechnology, consumer electronics, ICT, auto, business
and financial, pharma and healthcare
•
Job based salaries £616, this is above South East and
UK average
13
Sl ough ’s Economy
Slough Business Directory
2014
M1
M1
M25
M25
M3
M4
M40
A40
A4
A404
A41
A34
13
12
11
10
6
21
16
15
12
7
A4
A33
A34
A31
A281
A322
A3
A3
A316
A303
A417
A4130
A329(M)
A4074
A4074
M25
M23
Basingstoke
Newbury
Wokingham
Reading
Wallingford
Abingdon
Oxford
Farnborough
Farnham
Guildford
Leatherhead
Reigate
Bracknell
Woking
Windsor
Heathrow
Epsom
Wandsworth
Westminster
Ealing
Uxbridge
Slough
Maidenhead
High Wycombe
Henley-on-
Thames
Harrow
Watford
Edgware
Potters Bar
Amersham
