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.
Company Trends
- 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.