A thriving borough
Islington is a thriving borough at the heart of the London economy. Forecasts for 2020 by the UK Commission on Employment and Skills suggest London will continue to experience solid employment growth across this period, leaving Islington in an excellent position to take advantage of increased opportunities in new and diverse sectors. The borough is already home to key areas of job growth and innovation: the financial sector found on the City fringe, the Silicon Roundabout in Old Street that specialises in digital technology, the creative arts blossoming from Sadler’s Wells and Almeida Theatre, the large scale redevelopment of King’s Cross – and the many thousands of small retail businesses doing a brisk trade everywhere from Angel to Nag’s Head and Archway.
A borough of contrasts
However, alongside this prosperity Islington is a very unequal place with levels of inequality rising and with high levels of poverty. While some people are very wealthy many are not. In Islington, poverty is concentrated amongst people who are unemployed and we believe that employment is the single best way to reduce poverty, improve people’s lives and give them the confidence in their ability to make a valuable contribution to societ
- Islington has an estimated population of 206,000 making it London’s second smallest, and most densely populated, borough.
- Islington is the 14th most deprived local government area in England, according to the Index of Multiple Deprivation.
- There are 1.34 local jobs for every working age person in the borough – but 7% of all residents and 11% of Islington young people are unemployed
- 34% or 13,000 children and young people and 33% of elderly people in Islington live in poverty – the 4th highest rate in England and the second highest in London
- 86% of children living in poverty are in workless households: 71% are in workless lone parent households.