Overview
Epsom and Ewell, a region notable for its varied economic landscape, boasts a total employee count of 47,824. The area has experienced a positive trend in employment growth, with a significant portion of businesses contributing to this upward trajectory. The diversity in the economic sectors, ranging from professional and technical activities to real estate and information communication, underlines the region’s dynamic business environment.
Employment and Business Growth
- Total Employees: Epsom and Ewell has a workforce of 47,824 employees. The recent employee growth rate of 5.71% suggests a healthy and expanding job market.
- Employment Raisers: 90 companies have been instrumental in increasing employment, indicating an active business environment that fosters job creation.
- Top Sectors by Company Count: The leading sectors are professional, scientific, and technical activities (1,349 companies), construction (793 companies), and real estate activities (745 companies). These sectors are pivotal in driving the region’s economic growth.
Business Continuity
- Company Cessations: There are no recorded company cessations, indicating stable business continuity in the region.
- New Companies in 2 Years: With 680 new companies established in the last two years, the area shows a promising trend in entrepreneurship and business development.
- SMEs and Exporters: The presence of 5,436 SMEs and 100 exporters reflects a robust small and medium-sized business sector with a potential reach in international markets.
Diversity and Innovation
- Gender Diversity: The percentage of female founders stands at 13.79%, while male founders account for 86.21%. Female directors represent 29.21% of the total, showcasing a scope for improving gender diversity in leadership roles.
- Young Companies with Young Directors: There are 175 companies with young directors, indicating a vibrant entrepreneurial spirit among the younger demographic.
- Innovation Indicators: The region hosts 4 patent owners and 2 grantees, suggesting a modest level of innovation activity.
Conclusion
Epsom and Ewell’s economic landscape is characterised by a growing workforce, a diverse range of active sectors, and a healthy rate of new business formation. While there is a notable presence of SMEs and exporters, the region shows potential for increased gender diversity in leadership and higher innovation activities.