We monitor the local economy and provide reports to provide an evidence base for local decision-making and develop local policy to support economic growth.
Economic Development Plan
The Economic Development Plan is our plan for reaching our full economic potential and sets out how we will seek to meet the challenge of creating 27,000 new jobs by 2026 to accompany planned housing growth. It is based on our economic consultation carried out in 2011 with local partners, residents and businesses.
The purpose of this document is to provide a detailed analysis of the performance of Central Bedfordshire’s economy and it will primarily be used as the baseline data to inform the council’s new Economic Strategy. The Economic Insight not only presents a snap-shot of Central Bedfordshire’s economy, but also provides analysis and information on ‘why it matters’. It provides comparisons with the performance of neighbouring authorities and with national and regional trends. The Economic Insight will be refreshed annually so that the data is kept up-to-date.
Previous economic assessments
Previous Local Economic Assessments and Economic Insights monitored the local economic conditions, the factors influencing economic growth, and key performance indicators.
Local Economic Assessments are produced annually:
Quarterly Economic Monitoring Reports
Our Economic Monitoring Reports are produced each quarter to provide regular, easy to access information on the national and local economy.
We need to understand the needs of local businesses, as part of developing a robust economic evidence base to inform strategic activity.
With SEMLEP, we commissioned Public Perspectives Ltd to conduct the survey, to find out what you think about:
- local economic and business issues
- what’s good and works well for you
- what can be improved
The survey findings are a key tool in monitoring local economic conditions and in the development and delivery of economic development initiatives targeted to business needs. It covers the following issues:
- quality of the local area as a business location
- business engagement
- business performance
- employment, skills and training
- showcase sectors
View the report from our 2019 business survey
South East Midlands Local Economic Partnership
We are an active member of the South East Midlands Local Enterprise Partnership (SEMLEP), which brings together businesses, universities and colleges, community groups, social enterprises and local government to support economic growth across the region.