The Local Economy

Bournemouth is more than just a great beach

Tourism is a vital part of our economy thanks to Bournemouth’s miles of golden sandy beaches. But Bournemouth is also one of the most prestigious business centres in Britain.

Finance sector

The banking, finance and insurance sector is the most valuable to Bournemouth’s economy in terms of GDP (Gross Domestic Product).

JP Morgan established their Global Technology Hub in Bournemouth in the 1980s. RIAS, McCarthy & Stone, and Liverpool Victoria have their regional or national headquarters in the town.

Creative & Digital Sector

According to the Tech Nation report 2015, Bournemouth is the fastest growing location in the UK for tech jobs, with over 400 agencies across Bournemouth and the surrounding area contributing to a growing creative and digital scene. 

Service sectors

Other sectors that have seen major growth since 1991 are Public Administration, Education and Health (25.6% increase).

Bournemouth has a skilled local workforce, and wages are relatively low compared to national levels. This means, Bournemouth is ideal for companies who want to employ high quality staff in the service sector.

Local Enterprise Partnership

Bournemouth, Dorset and Poole work together as a Local Enterprise Partnership to develop a strong and successful economy in the area.