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

Analysis Report: Economic and Business Activity in Blackpool

Overview

This report provides an in-depth analysis of Blackpool’s economic and business activities. The data suggests a diverse and active business landscape, with significant representation in sectors like wholesale and retail trade, construction, and accommodation and food service activities. The city shows a healthy mix of companies across various sectors, indicating a robust and dynamic economic environment.

Employment and Business Growth

  • Total Employees: Blackpool has a total of 29,785 employees. The employment landscape is characterized by growth in several sectors, with an 8.41% growth in employee numbers. This suggests a positive trend in job creation and a potentially attractive environment for both job seekers and businesses.
  • Top Sectors for Employment Increase: No specific data provided for sectors with the highest increase in employment. However, given the overall growth in employment, it’s likely that sectors with the most companies (wholesale/retail trade, construction) contributed significantly to this growth.

Sector Dynamics

  • Top Sectors by Number of Companies: The leading sectors in Blackpool are Wholesale and Retail Trade (1,044 companies), Construction (921 companies), and Accommodation and Food Service Activities (831 companies). This diverse sector distribution highlights Blackpool’s multi-faceted economic base.
  • Emerging Sectors: The data does not explicitly mention emerging sectors, but given the healthy number of companies in sectors like Information and Communication (361 companies), there’s potential for growth in these areas.
  • Number of Companies: Blackpool is home to 7,586 companies, reflecting a vibrant business community.
  • New Companies (Last 2 Years): There have been 1,553 new companies in the last two years, suggesting a dynamic entrepreneurial environment.
  • Small and Medium Enterprises (SMEs): With 5,381 SMEs, the city’s economic backbone is its small and medium-sized businesses, crucial for job creation and innovation.
  • Exporters and Companies with Foreign Parentage: The city has 94 exporters and 29 companies with foreign parentage, indicating some degree of international business presence.
  • Company Cessations: The data for company cessations is not provided, which is critical for understanding business continuity in Blackpool.

Business Continuity

  • Company Cessations: There is no specific data provided on company cessations. However, the number of new companies and the overall number of companies suggest a growing business environment, albeit without clarity on the rate of business closures.

Conclusion

Blackpool’s economic landscape is characterised by a diverse and growing business environment, with significant activities in various sectors like wholesale/retail trade and construction. The city shows healthy signs of entrepreneurship and SME activity, crucial for sustainable economic growth. However, more detailed data on company cessations and sector-specific employment growth would provide a more comprehensive understanding of the business continuity and economic health of Blackpool.

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