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

Analysis Report: Economic and Business Activity in Arun

Overview

The economic landscape in Arun demonstrates a diverse range of sectors contributing to its growth. With a total of 33,006 employees across various industries, the region shows a healthy distribution of activities, particularly in professional, scientific, technical activities, and wholesale and retail trade. The presence of both traditional sectors like construction and emerging ones like information and communication indicates a balanced economic structure. The gender diversity in founding and director roles, though leaning towards male dominance, shows a substantial female representation.

Employment and Business Growth

  • Total Employees: Arun has 33,006 employees. There’s been a rise in employment with an employee growth rate of 4.63%, indicating a positive trend in job creation.
  • Top Sectors by Number of Companies: The leading sectors are diverse, with professional, scientific, and technical activities (13.75%), wholesale and retail trade (12.48%), and construction (12.21%) at the forefront. This diversity suggests a robust and multi-faceted economic environment.
  • Sectors with Most Growth: Notably, food and drink processors and the film industry are witnessing growth, signaling emerging opportunities in these areas.

Business Continuity

  • Company Cessations: 742 companies ceased operations, which could be a point of concern. This number needs to be viewed in context with the number of new companies to gauge the overall business climate.
  • Total Companies: There are 8,322 companies in Arun, with 935 new companies established in the last two years. This indicates a dynamic business environment with a healthy rate of new business formation.
  • Top Sectors: The leading sectors are well-distributed across various industries, showing economic resilience and diversification.
  • Scaleups: The presence of 40 scaleups is a positive sign, indicating that a number of businesses are experiencing significant growth.

Innovation and International Trade

  • Patent Owners and Grantees: With 4 patent owners and 4 grantees, there is evidence of innovation, though there is room for improvement in this area.
  • Exporters and Foreign Parent Companies: 217 exporters and 94 companies with foreign parentage highlight Arun’s involvement in international trade and its attractiveness to foreign investment.

Diversity and Inclusion

  • Founders’ Gender: 20.93% of founders are female, 74.42% male, and 4.65% unknown. This shows room for improvement in gender diversity among founders.
  • Directors’ Gender: In director roles, 29.64% are female, 67.17% male, and 3.18% unknown, indicating a similar trend in leadership positions.

Conclusion

Arun’s economic landscape is marked by diversity in its industry sectors, a robust rate of new business formation, and a positive trend in employment growth. While there are challenges in terms of company cessations and gender diversity in leadership roles, the region shows potential in innovation and international trade. Overall, Arun’s economic health appears resilient and dynamic, with opportunities for growth in various sectors.

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