Richmond Borough's Local Economy Continues to Flourish

Richmond upon Thames continues to outshine most regions in the United Kingdom when it comes to our contribution to the national economy.

Recent data published by the Office for National Statistics shows the value that goods and services produced per capita in Richmond and Hounslow added to the UK economy in 2016 was the seventh biggest contribution nationally.

The two boroughs are combined in the division of the economic territories of the EU to ensure statistics are comparable across Europe.

the value the boroughs added to the national economy per capita over the last year grew by 8.2 per cent. This shows the region continues to perform well in a challenging economic climate and is a credit to the hard work being done across the borough.

Cllr Pamela Fleming, Richmond Council Cabinet Member for Business said:

“This is a fantastic endorsement of the hard work put in by our businesses, big and small, who are putting the borough on the map as a thriving, diverse and modern economy.

“The borough continues to be a location of choice for IT and digital businesses ranging from global firms like eBay to exciting new start-ups. Our beautiful open spaces and world class heritage contribute to a growing visitor economy. Richmond makes a unique and important contribution to London and the UK’s economic resilience.

“We are committed to supporting our new and existing businesses so the local economy continues to grow and build on our strong contribution to the national economy.”