overview

Thriving business supported by skilled labour and a consistent property market

The Greater Lincoln economy is rapidly changing and diversifying. Our traditional strengths of agriculture and engineering are still a valuable part of the economy and have actually been the catalyst for growth in distribution and food processing industries. But growth also now comes from high-tech and new economy businesses, such as creative and media, food technology, knowledge-driven businesses, finance, IT and healthcare. All of these sectors are now recognising the unique potential of Greater Lincoln as a platform for future growth.

Greater Lincoln's skilled and committed labour force continues to grow. Labour turnover is low, industrial relations are generally excellent and days lost through disputes have been consistently below regional and national levels.

Such consistency is also reflected in the region's market activity, which offers a stability that is predicted to continue. Transactional evidence throughout 2007 showed that the right property at the right price was keenly sought by the market, and there remained good demand from both investors and owner occupiers. For example, a multi-let management intensive office investment situated in a small village near Lincoln was sold at a sub 8% initial yield at the end of 2007.