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Thriving economy

“We supercharge local businesses and entrepreneurs and attract outside investment.” — Imagine Portsmouth 2040

Lead not published 3 tracked projects

Jobs here pay more than residents earnMedian full-time annual pay
Full-time pay, 2025
Portsmouth residentsJobs in PortsmouthEngland

£36,022 residents · £38,815 jobs here

What Portsmouth residents earn, against what jobs in the city pay. Portsmouth residents (not workplaces).

Source: ONS ASHE · resident median full-time pay, 2025

Checked 23 September 2026

YearResidentsJobs in PortsmouthEngland
2015£26,528£28,186£27,838
2016£25,861£28,660£28,500
2017£26,655£28,942£29,085
2018£27,402£29,576£29,849
2019£28,569£30,996£30,692
2020£27,197£32,877£31,780
2021£29,215£31,851£31,445
2022£32,343£34,136£33,279
2023£32,638£35,073£35,194
2024£35,112£38,613£37,636
2025£36,022£38,815£39,243
Claimant rateNow 4.5%
0.0%3.8%7.6% Dec 2015Dec 2019Dec 2021Dec 2023Dec 2025Aug 2026
PortsmouthEngland

Claimant count as a percentage of residents aged 16 to 64.

Source: ONS / DWP · August 2026

Checked 23 September 2026

PeriodPortsmouthEngland
Dec 20151.4%1.7%
Dec 20171.6%1.8%
Dec 20193%2.8%
Dec 20207%6.2%
Dec 20215.2%4.4%
Dec 20224.4%3.6%
Dec 20234.4%3.7%
Dec 20244.6%4%
Dec 20254.5%3.9%
Jul 20264.4%3.9%
Aug 20264.5%4%
Where people workShare of jobs, largest sectors
Human health & social work
Wholesale & retail
Education
Accommodation & food
Administrative & support
Manufacturing
PortsmouthEngland

Share of city jobs in public administration and defence. Portsmouth local authority.

Source: ONS BRES · of employee jobs, 2024

Checked 23 September 2026

16.4%Vacant retail units, city centreRetail Study Update 2024
77.8%Employment rate, 16–64April 2025 to March 2026
6,455People claiming unemployment-related benefitsAugust 2026
7.7%Public administration and defence share of employee jobsof employee jobs, 2024

Projects and commitments

Bar shows delivery stage: allocated → funded → underway → complete. Money announced is not money spent.

Council Plan commitments (4)
  • working with key partners including the Naval Base and University to drive economic growth and major development in the city (5d)
  • providing support that enables businesses to locate and grow in Portsmouth (5e)
  • using our social value policy as a way to create opportunities for people who might otherwise face barriers to employment (5c)
  • improving our key shopping areas and district centres (2a)

Linking these to the pillar is UK Stat Pack analysis; the Council Plan does not map them.