Overview
Blaby, a locality with a diverse economic landscape, exhibits significant activity in various sectors. With a total of 155,752 employees, the area shows a promising 9.42% growth in employee numbers. The presence of 7581 companies, including 5708 SMEs and 205 exporters, indicates a vibrant business environment. The region, however, has experienced no IPOs recently, suggesting a focus on growth through other means.
Employment and Business Growth
- Total Employees: Blaby has 155,752 employees. This substantial workforce is a testament to the region’s robust economic environment. The employee count has risen by 9.42%, indicating healthy growth and a dynamic job market.
- Top Sectors for Growth: The leading sectors in Blaby, based on the number of companies, are “Professional, scientific and technical activities” (1048 companies, 13.82%), “Construction” (1030 companies, 13.59%), and “Wholesale and retail trade” (978 companies, 12.9%). This diversity reflects the area’s multifaceted economic base.
Business Continuity
- Company Cessations: With 7758 companies ceasing operations, there is a significant level of business turnover. This figure could indicate either a highly competitive environment or challenges in sustaining long-term business growth.
- New Companies: In the last two years, 1666 new companies have emerged, showing a dynamic and evolving business landscape.
- Scale-ups: There are 54 scale-up companies, representing businesses that have shown significant growth in terms of revenue or employees.
Corporate Diversity and Innovation
- Founders’ Gender: About 15.15% of founders are female, and 84.85% are male, highlighting a gender gap in entrepreneurship.
- Directors’ Gender: The boardrooms show more diversity, with 24.88% female and 71.38% male directors. Still, there’s room for increased female representation.
- Young Companies with Young Directors: There are 268 companies with young directors, suggesting an emerging generation of business leaders.
Conclusion
Blaby’s economy is characterised by a substantial workforce, diverse sectoral activity, and a notable rate of new business formation. Challenges include a high number of company cessations and gender disparity in leadership roles. The region shows potential for further growth, particularly if it leverages its young entrepreneurial talent and addresses gender imbalances in business leadership.