Businesses in Guildford pump approximately £2 billion into the economy every year and forecasts suggest that the number of people working in the borough is set to rise from 71,300 to 85,100 by 2010. Unemployment is at 0.9 per cent. The services sector dominates the local economy, fuelled by the decision to locate the regional development agency and the Government Office for the South East in Guildford. There is also a growing technology sector. These are the positives.
The borough also currently has half a million square feet of empty office space and some businesses are downsizing. The global economy has an impact and constantly changing circumstances call for flexibility.
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