Experience Economy
The experience economy is a vital driver of West Northants’s appeal and economic vitality, encompassing culture, tourism, leisure, retail, and hospitality. This sector supports vibrant town centres and contributes significantly to local spending, with Northamptonshire’s visitor economy generating £1 billion annually from over 18 million visits and supporting over 30,000 jobs.
West Northants is a region rich in history, culture, and natural beauty, making it an attractive destination for tourists. The tourism sector encompasses a wide range of activities and attractions, including historic sites like Sulgrave Manor, cultural events such as the Northampton Music Festival, outdoor adventures at destinations such as Silverstone Circuit, and culinary experiences at places like the Hibiscus Restaurant at Delapré Abbey. This diversity not only draws visitors but also significantly contributes to the local economy.
Discover Northamptonshire, which shines a light on the outstanding assets there are within Northamptonshire, has recently been granted LVEP accreditation from VisitEngland. This means, they are now better placed to support and grow the visitor economy through robust destination management, strong stakeholder relationships and clear planning.
West Northants has a vibrant retail sector, with a mix of high street shops, independent retailers, and large shopping centres including the Grosvenor Centre and Weston Favell Shopping Centre. The retail sector provides numerous employment opportunities and is a crucial part of the local economy.
The hospitality sector, including restaurants, cafes, and hotels, plays a significant role in the local economy, attracting tourists and providing services to residents. Numerous local food and drink awards are held annually in Northamptonshire such as the Weetabix Northamptonshire Food and Drink Awards which help to celebrate local producers and eateries.
The experience economy provides numerous employment opportunities across various sectors, including hospitality, retail, arts, and entertainment. This supports local livelihoods and contributes to economic stability.It also attracts investment in infrastructure, facilities, and services, enhancing the region’s appeal to both residents and visitors. This includes improvements in transport, accommodation, and public spaces.
Investment sectors
West Northants' economic growth and successes are driven by its diverse range of industries. Discover more about our key specialisms below.