Robust Economic Landscape
Halifax has a rich industrial heritage, once renowned for its prominence in wool processing, manufacturing, and, notably, carpet making. However, today, the town’s economic landscape has evolved significantly. The primary industries in Halifax now encompass light manufacturing, advanced manufacturing, services, public services, technology, creative industries, and financial services.
Notably, Halifax holds historical significance as the birthplace of the Halifax Building Society, which has since transformed into the Halifax Bank. The financial services sector remains a key employer in the region, with thousands of individuals employed in corporate offices located at Trinity Road in the town centre and the LBG computer data centre situated at Copley.
Additionally, Calderdale Royal Hospital (CRH) plays a pivotal role as a significant employer in Halifax. The Calderdale and Huddersfield NHS Foundation Trust, which oversees CRH, employs approximately 6,000 individuals, further contributing to the town’s diverse employment landscape.
Regeneration
Working in conjunction with Calderdale Council, the Halifax Development Board has instigated various regeneration projects to promote and support local infrastructure.
Ambitious plans are currently ongoing or in the pipeline. Utilising The Government’s Future High Streets Fund, Halifax Borough Market is undergoing extensive renovation to drive growth and ensure future sustainability.
Residents and business owners can enjoy the benefits of regeneration. Property investors can also capitalise on these schemes by researching which up-and-coming areas will benefit most from a resurgence in the coming years.
Investing earlier while the property prices are lower will result in increased demand, higher rental income, and substantial capital appreciation when the time comes to sell up.
