Reigate and Banstead is recognised as a relatively affluent area with a buoyant local economy. Economic activity is concentrated predominantly in the central urban areas of Redhill and Reigate but also in Horley to the south.
The borough forms part of the Gatwick Diamond, with particular emphasis given to the importance of the M23/A23 corridor linking London, Gatwick Airport and the South Coast. It also sits at the heart of the Coast to Capital Local Enterprise Partnership area. As a result of this strategic location and the quality of the local environment, the Borough has attracted a number of major national and international companies.
Enabling economic development
The Council is committed to maintaining a prosperous local economy: many areas of the Council’s work have an important role in enabling economic development, from granting permissions to partnership working and funding for environmental and other improvement schemes.
We have good links with a number of business organisations, including the Federation of Small Businesses, Surrey Chambers of Commerce, Business Link and Surrey Economic Partnership. We will continue to work closely with local businesses, residents groups and retailers to identify priorities for future investment and development.
- Gatwick Diamond website
- Coast to Capital Local Enterprise Partnership (West Sussex County Council website).
Planning for economic development
We are developing a Core Strategy which will set out the spatial strategy for the borough for the next 15 years. This will outline our plans for economic development and explain how we will deliver these. As part of this work we have commissioned an Economic Market Assessment and are continuing to update our economic evidence base.
The Council is also working with partners to regenerate Redhill and Horley town centres to encourage continuing economic prosperity and improve the quality of life for local residents.
We regularly monitor commercial planning permissions and vacant commercial premises in the Borough’s town centres, industrial estates and edge of town areas for small businesses.