Cheltenham economic profile
The borough's proximity to main urban centres such as Gloucester and Bristol, combined with the M5 motorway network, means that we attract commuters and varied inward investment opportunities. Cheltenham has a strong local economy made up mainly of small and medium enterprises (SMEs), 37 per cent of which employ over 100 people, with 24 per cent having under 25 employees and 39 per cent under 10 employees.
Economic profile overview
- Population: 115,600 (2012)
- Employment rate: 55,950 - rate: 80.90 per cent (2011)
- Average total earnings per annum: £25,200.00 (2011)
- Unemployment rate: 3.1 per cent claimant rate /2,335 persons (November 2012)
- GVA per head in Cheltenham - £21,947.27 (2011)
- Housing allocation 2006-2026 - 8,500