Buckinghamshire LEP, working in partnership with Buckinghamshire Business First and Buckinghamshire Council, is gathering and analysing evidence of the economic impact of the COVID-19 pandemic on the Buckinghamshire economy.
This evidence pack is a working document that is being updated on a regular basis.
- Buckinghamshire’s economy experienced a large hit (mainly in April/May 2020)
- The local economy is slightly less reliant on some of the hardest hit sectors than the national economy, which should enable it to bounce back a bit quicker
- Recovery has been slow and stuttering due to the re-introduction of COVID-19 restrictions and rules
- Consumer-facing services have been hardest hit (hospitality, personal services, the arts, events)
- However, impact has been felt across most sectors, including admin and support services, professional services and manufacturing
- The construction sector looks likely to help drive recovery in Buckinghamshire
- Retail has bounced back but in a different form (online vs high street), with an impact on high streets and jobs
- High levels of debt is likely to be the biggest barrier to growth, innovation and job creation in 2021
Last updated: 26/01/2021
Help us gauge the health of Buckinghamshire’s business community
It is important for us to understand how local businesses are doing. We would really appreciate it if you would complete a short survey and help us gain valuable insights on the local economy that we will feed into our conversations with Government and other economic stakeholders.