Ilkley - Economy

Economy

The town is a tourist destination and is used as a base from which to explore the famous moor and the countryside beyond. Ilkley is a shopping town that sells everything from game, fine wine, expensive fashions and fine art. The Victorian parades of The Grove and Brook Street have a selection of speciality shops. The town's original Victorian arcade has been restored as an indoor shopping walkway complete with a fountain and hanging baskets. Bettys, the Yorkshire tea room, has a shop in the town. Ilkley has little by way of industry or commerce but employers include The Woolmark Company, Spooner Industries and NG Bailey.

According to the 2001 UK census, the industry of employment of residents aged 16–74 was 18.8% property and business services, 14.8% retail and wholesale, 13.4% education, 13.1% health and social work, 9.6% manufacturing, 5.7% finance, 4.8% construction, 4.8% public administration, 4.4% hotels and restaurants, 4.2% transport and communications, 0.6% energy and water supply, 0.5% agriculture, 0.1% mining, and 5.2% other. Compared with national figures, Ilkley town had a relatively high percentage of residents working in education and health and social work. The town had a relatively low percentage working in transport and communication and manufacturing. The census recorded the economic activity of residents aged 16–74, 2.2% students were with jobs, 3.7% students without jobs, 5.8% looking after home or family, 2.7% permanently sick or disabled, and 1.8% economically inactive for other reasons. Ilkley's 1.8% unemployment rate was low compared with the national rate of 3.3%. The City of Bradford has a relatively low proportion of people who were self-employed compared to the whole of England, but Ilkley's rate of 11.9% was well above both the district and national figures.