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A look at the outlook for the economy in Luton

A look at the outlook for the economy in Luton

Beate Oera

February 24, 2023

Despite being close to London, having its own airport, and having a thriving economy, Luton isn’t a town many know much about. However, with a population of around 215,000 people, in recent years, Luton has experienced significant growth and development, making it one of the most economically dynamic regions in the UK. Fram Professionals helps firms hire top talent in finance, legal, and marketing jobs and due to Luton being in the high growth London-Oxbridge golden triangle we focus on we wanted to put this Bedfordshire town in the spotlight.

The economy of Luton is diverse, with a mix of manufacturing, retail, and service industries. The town is home to several large employers, including the airport, which is one of the busiest in the UK and is a major contributor to the local economy. The airport has seen significant investment in recent years, with plans to further expand in the coming years. This will create new jobs and support the local economy.

The retail sector in Luton is also thriving, with the town being home to several large shopping centres, such as The Mall. These centres provide employment opportunities and also attract visitors from surrounding areas, boosting the local economy.

In addition to these traditional economic sectors, Luton is also positioning itself as a hub for technology and innovation. The town is home to several innovative companies and start-ups, which are driving growth and creating new opportunities. The local council is also investing in the development of technology and innovation, providing support to new businesses and helping to create a vibrant and dynamic business environment.

Despite the challenges posed by the COVID-19 pandemic, the outlook for the economy in Luton remains positive. The government's support measures, such as the furlough scheme, helped to protect jobs and businesses during the difficult period COVID period.

The town has bounced back well. With an airport, 20 minutes from London on the train, and just off the M1, Luton is strategically well placed to really boom over the coming years!

About Fram Professionals

Fram Professionals focuses on placing office professionals in dynamic, innovative, or venture-backed firms in the London – Oxbridge “golden triangle”. We focus on mid-to-senior permanent hires across key functions such as finance, sales & marketing, legal, and management positions.

Contact us on [email protected] or call 01525 864 372 for an informal chat about our services.

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