Historically, Buckingham played an important role in serving the local agricultural (particularly wool) industry. Today, with a population of 10,000, it is still an important small regional centre, but with the majority of the workforce commuting to larger urban areas.
Buckingham is recognised as an appealing place to live, with attractive villages and countryside, as well as good A road communications to the motorway network (M40 & M1). Furthermore, within a 15 mile radius, there are the following towns and cities, with a combined population of over 535,000:
In Buckinghamshire as a whole, 73% of jobs are within the service sector. The Statistics for Buckingham (North and South districts) are as follows:
- Milton Keynes
- 71.5% of Population economically active.
- 16% retired.
- 25.8% of population have University Degrees.
- 1.9% unemployment.
A large proportion of businesses are small knowledge-based service companies. In Milton Keynes, for example, 86% of businesses employ less than 20 people.
Buckinghamshire is therefore regarded as a prosperous county, with urban centres of commerce, attractive countryside, and good road and rail networks. This success has, however, brought with it problems of pressure on the local road and infrastructure system, as well as housing supply. Taking Milton Keynes as an example, an estimated 62,400 people commute in or out of the city each day (39,400 inward: 23,000 outward).
In summary, there is a strong local economy, with a large proportion of businesses being small service companies. The constraint on the release of commercial development land in the past has restricted supply (as referred to below). We therefore expect that Apollo 3 will attract businesses where the 'key staff' live in this region, but their offices are presently within a 15 mile radius, namely Bicester/Kidlington, Aylesbury, Thame, Brackley, Banbury, Towcester, or Milton Keynes.
Buckingham Town's official website
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