Overview of the Local Economy

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The Tonbridge and Malling Economy

The following gives a snapshot of the Tonbridge and Malling economy:

  • At the end of 2019 there were 6,725 active businesses in Tonbridge and Malling, up from 5,430 in 2016 (ONS Business Demography Dataset)
  • There were 800 new businesses established in the Borough in 2019 and a total of 725 businesses closing, equating to a net gain of 75 businesses in the local area (KCC, 2020)
  • There are 76,525 people living in the borough who are in employment, with 3,355 people unemployed (KCC, March 2021)
  • Job density is 0.9 per head in the borough, which is notably higher than the rate for Kent as a whole (KCC, 2018)
  • Key sectors are: Wholesale, Retail and repair of vehicles (18.7% of jobs); Administrative and Support Service Activities (9.8%); Health and Social Care (8.1%); Education (8.1%) and Construction (7.3%)
  • The average weekly earnings of people working in the borough is £885.90 (ASHE, 2020)

Further information can be accessed via the following area profile.