Foundation Economy

The foundational economy in West Northants encompasses essential services and sectors that support the daily lives of residents and the overall functioning of the community. This includes sectors such as utilities, transport, health, education, and social care.

Healthcare facilities in the region collaborate with educational institutions, such as the University of Northampton, to provide training and development opportunities for healthcare professionals. This ensures a steady pipeline of skilled workers and supports the local economy.

Social care services support vulnerable individuals, including the elderly and those with disabilities. The sector is vital for ensuring that all residents receive the care and support they need. The sector is expected to grow significantly, with projections indicating a 29% increase in the number of adult social care posts in the East Midlands region by 2040.

The adult social care sector in West Northants employs approximately 13,500 people across various roles, including managerial, professional, direct care, and non-care positions. This makes it one of the largest employment sectors in the region.

West Northants is home to a range of educational institutions, from primary schools to universities. These institutions provide high-quality education and contribute to the development of a skilled workforce.

The University of Northampton alone generated £366 million in Gross Value Added (GVA) for Northamptonshire during the 2023/24 academic year, supporting 5,410 jobs in the region. This highlights the significant economic contribution of higher education institutions.

The University of Northampton, as well as other institutions, collaborates with local businesses through Knowledge Transfer Partnerships, work placements, and other initiatives, generating £7 million in GVA through these collaborations. This fosters innovation and supports the growth of local enterprises.