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

Comprehensive Performance Report for London


The following report provides a comprehensive analysis of the business environment across various councils within the London region. Utilising aggregated data from the year 2022, this report aims to offer insights into employment trends, sector performance, and other key economic indicators. The purpose is to identify areas of strength and potential improvement, helping stakeholders make informed decisions.

Population and Employment Overview

Council Number of Employees Population Employees per 1000 Residents
City of London 2,795,205 6,585 424,512.23
Westminster 3,154,551 184,609 17,093.84
Camden 917,685 190,433 4,817.86
Islington 776,787 182,531 4,256.14
Southwark 718,372 232,156 3,093.56
Tower Hamlets 1,101,492 238,329 4,621.16
Hackney 276,931 201,333 1,375.70
Lambeth 344,200 242,234 1,420.95
Wandsworth 189,101 238,548 792.87
Hounslow 305,628 178,559 1,711.85
Barnet 208,819 254,007 822.35
Ealing 159,159 222,463 715.54
Brent 149,787 218,386 685.74
Croydon 151,839 247,841 612.84
Enfield 82,015 213,093 384.83
Hillingdon 232,042 198,249 1,170.46
Hammersmith and Fulham 215,113 130,899 1,643.41
Kensington and Chelsea 169,455 104,804 1,616.57
Kingston upon Thames 85,387 116,839 730.79
Merton 74,558 136,623 545.95
Newham 145,750 247,767 588.66
Redbridge 88,618 197,872 447.92
Richmond upon Thames 95,507 125,007 764.02
Sutton 82,031 130,824 626.91
Waltham Forest 54,382 186,221 291.94
Barking and Dagenham 34,876 135,145 258.09
Bexley 51,294 156,000 328.80
Bromley 102,740 206,398 497.75
Haringey 55,775 186,635 298.99
Havering 72,394 160,180 451.89
Lewisham 36,001 214,122 168.11

Key Findings

The data reveals significant disparities in employment rates relative to population across the councils. The City of London, despite its small population, boasts an extraordinarily high number of employees, indicating a dense concentration of businesses. In contrast, councils like Lewisham and Barking and Dagenham show much lower employment rates per capita, suggesting potential areas for economic development and job creation.

Regarding sector performance, the ‘Professional, scientific and technical activities’ sector dominates in several councils, including Camden, Islington, and Southwark, aligning with London’s reputation as a hub for professional services. The ‘Wholesale and retail trade / repair of motor vehicles and motorcycles’ sector also shows strong presence across multiple councils, reflecting the vibrant commercial activity in the region.

Investment and innovation metrics such as the number of companies raising funds in 2022 and the presence of patent owners are notably high in Westminster, Camden, and the City of London, underscoring these areas as key centres of economic dynamism. However, areas like Waltham Forest and Barking and Dagenham lag behind, highlighting a need for targeted investment to foster innovation and growth.

Conclusion and Recommendations

This report underscores the diverse economic landscape of London’s councils. While some areas exhibit robust employment and innovation indicators, others present opportunities for targeted economic development initiatives. To enhance overall regional growth, it is recommended to focus on:

  • Strengthening employment opportunities in councils with low employment per capita through incentives for businesses to establish operations.
  • Encouraging investment in innovation in lagging areas by facilitating access to funding and support for startups and SMEs.
  • Continuing to support sectors that show strong performance while also diversifying the economic base to make it more resilient to sector-specific downturns.

By addressing these recommendations, London can ensure balanced economic growth and maintain its status as a leading global city for business and innovation.

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