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£3.8B

Lincolnshire goods exports — a new record

8.3%City centre vacancy rate (national avg: 13.9%)

Source: Sources: HMRC, Lincoln BIG, ONS Q4 2025

Business

Lincoln's Economy by the Numbers: 2025 in Review

2025 was a standout year for Lincoln's economy. Key metrics across employment, trade, property, and investment all moved in the right direction.

Headline figures

  • Exports: £3.8 billion (+12% YoY)
  • Unemployment: 3.1% (lowest since 2019)
  • New business registrations: +18% YoY
  • Average commercial rent: £16/sq ft (+4%)
  • University graduate retention: 42% (up from 35%)

What's driving it

The growth is broad-based. Agri-food and defence remain the backbone, but technology and professional services are the fastest-growing sectors.

The University of Lincoln's expanding research partnerships are beginning to create a self-reinforcing cycle: more research attracts more businesses, which creates more jobs, which attracts more talent.

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