5 Reasons Why Lincolnshire is a Great Place to Run a Business

Lincolnshire boasts a growing economy, diverse business base, affordable housing and beautiful countryside living, making the county a haven for businesses and entrepreneurs.

A Booming Tourism Trade

Almost 20 million tourists visited Lincolnshire last year, according to the Scarborough Tourism Economic Activity Monitor.

Figures from 2015 showed the tourism trade boosted the county’s economy, generating more than £1.3 billion.

Many businesses in the region are capitalising on this growing industry, offering tourists a unique experience such as staying in one of the many boutique hotels in Lincolnshire, or visiting animal farm excursions to enjoy a taste of country life.

Lincoln castle has also recently been named a top visitor attraction by VisitEngland, welcoming over a million visitors since its reopening in 2015 after the castle’s £22m refurbishment.

As well as tourism figures rising, recent figures have shown the number of companies setting up in Lincolnshire continues to grow, with the total number of companies based in the county reaching more than 40,000.

During 2016, 5,698 new companies were established in the region.

North East Lincolnshire formed the highest number of new businesses at 927; followed by North Lincolnshire with 900; and South Kesteven, where 852 new businesses opened.

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Emerging Talent

The county is home to a high number of emerging talent coming through Lincolnshire’s specialist colleges, which also offer the opportunity for students to gain industry skills training in the area.

Awarded ‘Outstanding’ by Ofsted, Lincoln College is the largest educational institution in the county, with around 9,000 students.

There are also more specialist colleges in the county, such as Riseholme College.

Riseholme has been a site of training and education for the land-based industries for more than 50 years, offering a range of 72 courses specialising in agriculture, equine and animal management training and education.

The college offers a variety of specialist courses from a two-year Agricultural Precision Crop Technology degree, to a week-long Arboriculture course in Chainsaw Maintenance and Cross-cutting and Fell Process of Small Trees.

Transport Links

 Lincolnshire benefits from being centrally located, with good transport link that are essential for any business to survive.

Humberside airport connects Lincolnshire to 17 destinations in Europe – from Kiruna in Sweden to Borgas in Bulgaria – and is among the fastest growing airports in the country.

The international airport allows businesses to connect easily worldwide, and provides a strategic air link for business cargo.

Based in north Lincolnshire, the airport also has a daily service to Aberdeen, which reflects the region’s strong offshore connections.

With regards to the county’s road network, the A1073 – which was opened late 2011 – has become an important link between Lincolnshire and Eastern England for the distribution of both agricultural and food processing freight, and as a local commuter route.

The county is also well-connected by rail; Virgin Trains offers direct trains from Lincoln Central to London Kings Cross in less than two hours’ journey time, making the East Midlands city commutable for those businesses requiring regular travel links to the UK’s capital.

The area’s rail network also extends to its freight, transporting a 20% of the UK’s rail freight on its lines from the South Humber ports.

The coast of Lincolnshire stretches for more than 50 miles down the North Sea coast of eastern England, and is a coastline known for tourism, fishing and trade.

North Lincolnshire is home to a series of major ports and wharves along the Rivers Trent and the Humber estuary, forming the UK’s busiest trading estuary regarding the volume of cargo handled.

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Excellent Quality of Life

Lincolnshire boasts historic market towns, idyllic villages, unspoilt coastline and areas of outstanding natural beauty, making the county an ever-increasing popular place to live.

North Lincolnshire has also been named as one of the most affordable places to live in the UK, according to research from the Trade Union Congress, with house prices on average 4.14 times the annual salary.

As well as being an affordable, commuter haven, the shire offers businesspersons the chance to break away from fast-pace city lifestyle.

To the north of Lincoln lies miles of open countryside along with inland waterways offering walking trials and encouraging wildlife.

North Lincolnshire also homes the Humberhead Peatland National Nature Reserve, housing the largest area of raised bog wilderness in lowland Britain at 2,887 hectares in size.

High-Growth Sectors

Lincolnshire is a power-house to key high-growth sectors, such as renewable energy and manufacturing.

North East Lincolnshire has emerged as a key figure in renewable energy as it is the closest location to the existing and planned wind farms in the Southern North Sea.

Grimsby is at the forefront in supporting wind farms, home to The Grimsby Renewables Partnership which was established by a group of local businesses.

Investment and funding continues to provide new opportunities in the supply chain for businesses in Lincolnshire.

Manufacturing is also a booming industry in Lincolnshire; the sector employs approximately 39,000 workers with agri-food manufacturing a key sector in the region.

Confidence in the county’s manufacturing industry has further increased when gas turbine giant Siemens invested millions of pounds into a development at Teal Park near Lincoln.


 

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This article was written by guest author Jo Thornley for Lincolnshire.org

Jo joined Dynamis in 2005 to co-ordinate PR and communications and produce editorial across all business brands.

She earned her spurs managing the communications strategy and now creates and develops partnerships between BusinessesForSale.com, FranchiseSales.com and PropertySales.com and like-minded companies.