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BUSINESS
IN RUNNYMEDE
The Local Economy
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Runnymede's
economy is characterised by:-
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High housing costs - 13th highest average house price
out of 376 local authority areas in the country (including
London Boroughs) according to the Land Registry record
of actual sales
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High proportion of 'knowledge' sector workers - the third
highest local authority area in the country for its
percentage of 'knowledge' sector employees.
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High proportion of small companies - over 70% of local
employers have 10 or fewer employees
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High level of business start-ups - over 50 VAT registrations
per 10,000 adult residents in 1999
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A dominant service sector - employing some 62% of the
workforce
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Small retail centres - Runnymede has three small town
centres with limited representation of national chains
and a number of smaller village centres
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High
levels of road use - the Borough includes the country's
busiest motorway and its other roads are used at a level
well above the national average
The healthy local economy
can be attributed to a range of factors:
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A
highly skilled workforce
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High levels of disposable income
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Excellent
communications, being situated to the west of London,
close to Heathrow, and with direct access to the M3
and M25 motorways.
It
is hoped that there will be a high quality rail service (known
as 'Airtrack') through Runnymede linking Heathrow with Woking,
Guildford and Reading. The Business Partnership and the Borough
Council are working to ensure that this will provide a service
from a station in Runnymede. |
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