Basingstoke & Economic Performance

Key Facts:

• VAT registrations exceed de-registrations in most industry sectors.
• Growth in gross value added (GVA) has exceeded the national average over the period 1995 - 2005.
• Basingstoke and Deane out-performs many of its nearest geographical neighbours and the county, regional and national averages in terms of productivity (GVA per capita).
• The borough has a high percentage of businesses surviving after one year`s trading - at a level between 89% and 96%, the borough has tracked the South East average over the period 1995-2004.
• Three year survival rates in the borough have ranged between 69% and 75% from 1995-2002. For every year but 2001, the borough`s three year survival rates has exceeded that for the South East average and has tracked the Hampshire average.
• For both three year and one year survival rates the Borough compares favourably to geographical nearest neighbours and comparator authorities.
• There are a higher proportion of businesses in the Borough turning over £5m+ than in the South East or Hampshire. There are 170 businesses in the Borough above this higher turnover threshold.