Warrington offer investors access to a huge workforce. There are 2.5m people of working age within a 30 minute drive of Warrington. This is the largest catchment area for any town outside the M25.
Gaining an experienced and senior workforce is important to any investor. There are over 700,000 working age people experienced in working in senior, management or professional roles living within a 30 minute commute of Warrington.
Warrington has a thriving economy although the unemployment rate across the catchment area has edged higher than the regional average – whilst an unfortunate consequence of the economic downturn, with 28,500 additional people made redundant in the catchment area in the last two years there is an opportunity for employers to draw on experienced staff.
Economic Growth - £142.7m Government’s Local Growth Fund – 9,000 jobs by 2021 The Cheshire & Warrington LEP has secured £142.7m from the Government’s Local Growth Fund to support economic growth in the area – with £15.3m of new funding confirmed for 2015/16 and £36.7m for 2016/17 to 2021; this includes:
- As part of the Government’s ongoing commitment to the Cheshire & Warrington LEP an indicative award of a further £71.7 million of funding for projects starting in 2016 and beyond
- £19m of funding which the Government has previously committed as part of Local Growth Deal funding to the area
This substantial investment from the Government will bring forward at least £50m of additional investment from local partners and the private sector. Combined together this will create a total new investment package of £192.7m for the Cheshire & Warrington area.
Read more about the investment, employment landscape and future developments in Warrington by downloading our latest regional report.