- Highly competitive rent and labour costs versus regional averages
- Large supply of local labour suited to occupier’s needs
Demographics
Almost one third of the workforce is suitably skilled for employment at Arrow248, an unrivalled number both regionally and nationally. 20.6% of workers are employed in manufacturing and 11.8% in Transport and Storage, double the national averages. In addition, 1,600 people are unemployed within the local area and 30,000 unemployed people live within a 45 minute drive.
The region around Arrow248 also enjoys a steady supply of new workers to the industry.
Northampton and Tresham Colleges offer Warehousing and Distribution apprenticeships, while Northampton College trains the next generation of logistics workers in a specialist academy.
Corby is the fastest growing town outside London with a growth rate of 20% over the last 10 years. This expansion is set to continue, with North Northamptonshire setting a strategic house building target of 33,851 by 2021 to meet demand.
Percentage employed in manufacturing
(% of total)
Source: ONS
Average hourly pay
(full time workers)
Source: Nomis Official Labour Market Stats
Concentration of employment in the transport and storage sectors
Source: Oxford economics
Percentage employed in transport and storage
(% of total)
Source: ONS
Drive to work times for Midlands Logistics Park
Source: Mercator GeoSystems