About the local economy
Reigate & Banstead is a relatively affluent borough with a buoyant local economy. The prosperity of the borough owes much to its excellent location, in close proximity to London and with good transport access via the M25, M23/A23 and the main London to Brighton rail link.
The attractiveness of the local environment and the good accessibility to Central London and Heathrow and Gatwick airports have been key drivers of inward investment. Reigate & Banstead is currently home to almost 5,700 businesses and whilst the majority of these are small businesses, the borough has also attracted a number of major international companies including:
- Towers Watson
- AXA Insurance
- Balfour Beatty
- Just Retirement.
The local economy has grown steadily over the past decade, with high levels of productivity compared to surrounding areas. Reigate & Banstead has historically high levels of economic activity and is currently home to more than 61,000 jobs. The borough's economy is dominated by the financial and business services sector, both in terms of jobs and output.
- Reigate & Banstead Economic and Business Profile 2011 (PDF document [563.3Kb])
- Labour Market Profile Reigate & Banstead (NOMIS website).
Economic activity within Reigate & Banstead is focused on the central urban areas of Redhill and Reigate, with the majority of office and retail floorspace located within the two town centre areas.
The borough also has nine designated industrial estates which are the focus of industrial, storage and distribution businesses. The borough's employment areas are regularly monitored and detailed information can be found on the plan monitoring page.