Skip to content
The information is accurate as of 31 December 2022.
Data courtesy of Beauhurst.

Comprehensive Performance Report for East Midlands


The East Midlands region, encompassing a diverse range of councils, presents a unique landscape for business and economic analysis. This report delves into the aggregated data of all councils within this region, focusing on employment, sector performance, and other critical economic indicators. The aim is to provide a comprehensive overview of the region’s economic health and identify key areas for potential growth and improvement.

Population and Employment Overview

The East Midlands region is characterized by a varied demographic and economic profile, with a total population of approximately 4.34 million across all councils. Employment rates and business activities also vary significantly across the region, influencing the economic dynamics at the council level.

Council Number of Employees Population Employees per Capita
West Northamptonshire 245101 425700 0.576
North Northamptonshire 142179 359500 0.396
Nottingham 176726 231589 0.763
Leicester 131990 235050 0.561
Derby 140393 160961 0.872
Blaby 155752 61510 2.533
Charnwood 77511 120578 0.643
North West Leicestershire 95004 63839 1.488
Broxtowe 82919 70417 1.178
South Kesteven 47337 83293 0.568
Bolsover 77728 50085 1.552
Bassetlaw 64590 70353 0.918
Hinckley and Bosworth 51236 68010 0.753
Ashfield 52321 78943 0.663
Amber Valley 37089 78127 0.475
Rushcliffe 46339 71962 0.644
Harborough 35228 56018 0.629
South Derbyshire 25670 67421 0.381
Derbyshire Dales 25788 41810 0.617
East Lindsey 30342 77586 0.391
Melton 28478 30411 0.936
Lincoln 26504 67586 0.392
North East Derbyshire 18639 59674 0.312
Erewash 30372 71002 0.428
Gedling 28333 71925 0.394
High Peak 19306 57102 0.338
Mansfield 28358 67393 0.421
Newark and Sherwood 48483 73332 0.661
North Kesteven 49019 68947 0.711
South Holland 35246 55272 0.638
Chesterfield 66212 64790 1.022
Boston 19148 41970 0.456
Rutland 10111 23003 0.439
West Lindsey 21777 55467 0.393
Oadby and Wigston 12339 34147 0.361

Business Dynamics

The region showcases a robust mix of established and emerging sectors. Notably, the ‘Professional, scientific and technical activities’ sector dominates in several councils such as Blaby and Charnwood, indicating a strong inclination towards high-skilled services. On the other hand, ‘Wholesale and retail trade’ remains a significant employer across many councils including Nottingham and Leicester, reflecting the region’s strong consumer market.

Sector Analysis

Emerging sectors such as ‘Internet platform’ and ‘Software-as-a-service (SaaS)’ are particularly prominent in councils like North West Leicestershire and Leicester, suggesting a shift towards digital and technology-driven industries. This transition is further evidenced by the presence of sectors like ‘Analytics, insight, tools’ in Nottingham, highlighting the region’s capacity for data-driven business models.

Scaleups and Growth

Scaleup activity, indicative of growing businesses reaching new heights, is notably high in councils such as Hinckley and Bosworth and North West Leicestershire. This trend is crucial for regional economic expansion and job creation. However, the region saw minimal IPO activity, with only a few councils like Derbyshire Dales and Hinckley and Bosworth reporting such events, pointing to an area for potential growth.

International and Export Dynamics

The region’s connectivity to global markets is evidenced by its number of exporters, particularly in councils like South Kesteven and North Kesteven. The presence of companies with non-UK ultimate parents in councils such as Leicester and Nottingham also underscores the region’s integration in the global economic network.

Investment and Innovation

Fundraising activities were robust in councils like Nottingham and Leicester, reflecting investor confidence in the region’s business environment. Innovation is also a key driver, with a significant number of patent owners located in councils such as North Northamptonshire and West Northamptonshire, highlighting a strong focus on research and development.

Conclusion and Recommendations

The East Midlands region displays a dynamic and diverse economic landscape with significant potential for further growth. To capitalize on this potential, it is recommended that councils focus on nurturing high-growth sectors such as digital technologies and enhance support for scaleups to fuel regional economic development. Additionally, fostering a more conducive environment for IPOs could also be beneficial.

Overall, the East Midlands holds a promising future, with strategic initiatives aimed at bolstering its economic strengths and addressing areas of improvement likely to yield substantial benefits for the region’s prosperity.

The information is accurate as of 31 December 2022.
Data courtesy of Beauhurst.