Lincoln is a growing city that has seen varied developments boost its economy in recent times. The £50 million Eastern Bypass is just one example; the project began in 2016 and aims to cut down on traffic congestion as well as fuel growth in the area. There is also the redevelopment of the southern bypass being planned, further bolstering the city's already impressive transport links.
The wider area of Lincolnshire has an economy valued at £13.9 billion, growing at a higher rate than that of the UK for the last five years. Business survival rates and wages are also on the rise, and the region is also making impressive gains in terms of productivity; GVA per hour grew by 2.3% from 2014 to 2015, in contrast to 1.2% national growth.
So who are the city's biggest hitters in terms of business? We've compiled a list featuring the top companies in the region, ordered by their annual revenues. Take a look at the results below to find out who came out in prize position.
MoreAs the list above demonstrates, there is a wide scope of potential for businesses across all sectors in Lincoln. The city also has a strong workforce; nearly 70% of its residents are working age, with 36.8% being aged from 15 to 34, in comparison to 25.9% nationally.
One particular industry that has seen great growth in recent years across the region is tourism. Visitors have added £203 million to the local economy in 2017, which was a rise of 7% from the year before. This has resulted in big gains for the accommodation sector, with an increase of 16%, as well as food and drink, increasing by 6%.
