With close to an impressive 12,000 businesses operating in the area, Chelmsford boasts the largest business base in the entire Essex region, complemented by a large and prosperous economy that is thriving. The city of Chelmsford has cultivated a very strong economy that adeptly supports a healthy and diverse range of sectors, contributing a remarkable sum of over £3 billion each year to the overall Essex economy. At the heart of this dynamic economic landscape are approximately 83,000 jobs, which together with over 8,000 businesses, form the backbone of the City’s economy.
Among the various sectors contributing to this robust economic environment, the professional, scientific, and technical sectors stand out, along with the construction sector, as the two largest industries in Chelmsford. Together, these sectors comprise nearly 30% of the local economy. Notably, both of these sectors represent a larger proportion of the business base in Chelmsford compared to their counterparts across the East of England and the UK as a whole.
The city is not only a magnet for young technology companies, promising start-ups, and innovative entrepreneurs but also serves as an attractive hub for major international organisations, which have established a significant presence in the area. A substantial part of Chelmsford’s fintech and business sector is formed by well-known entities such as MS Amlin, AON, IFDS, and Grant Thornton, all of which play a crucial role in driving the local economy forward.
