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

Analysis Report: Economic and Business Activity in Blaenau Gwent

Overview

Blaenau Gwent presents a diverse economic landscape, marked by significant activity in sectors such as Construction, Wholesale/Retail Trade, and Professional Services. Despite no IPOs, the region shows promising signs of growth, particularly in the employment sector. The presence of a considerable number of new companies and SMEs indicates a dynamic business environment. The gender distribution among founders and directors highlights potential areas for increased diversity.

Employment and Business Growth

  • Total Employees: 8,909 employees, with a notable 15.75% growth, indicating a positive trend in job creation. This growth is significant in the context of the local economy, reflecting an expanding workforce that supports various sectors.
  • Top Sectors with Employee Increase: The top sectors experiencing growth include Construction, Wholesale and Retail Trade, and Professional Services. This diversification of growing sectors is healthy for the local economy, reducing reliance on a single industry.
  • Number of Scale-ups: 13 scale-ups suggest an environment conducive to business growth and development.

Sector Dynamics

  • Top Sectors by Number of Companies: Construction (294 companies), Wholesale/Retail Trade (269), and Professional Services (180) dominate the local economy. This diversity indicates a balanced economic structure with multiple strong industries.
  • Top Sectors with Rising Companies: Management Consultancy, Machinery, Technology/IP-based businesses, Agriculture/Farming, and Manufacturing/Engineering are the sectors showing growth, demonstrating diversification beyond traditional industries.
  • New Companies (Last 2 Years): 521 new companies, indicating a robust entrepreneurial environment and business confidence.
  • Total Companies: 1,710 companies, a healthy number for a local economy, suggesting a strong base of established businesses.
  • SMEs: 1,213 SMEs form the backbone of the local economy, driving innovation and employment.

International and Innovation Indicators

  • Exporters: 53 exporters, showing international business engagement.
  • Companies with Foreign Parent: 35, indicating foreign investment and global connections.
  • Fundraisings: 2 instances, a potential area for growth.
  • Patent Owners: 36, reflecting some degree of innovation within the local economy.

Demographic and Governance Insights

  • Gender Distribution Among Founders: 15.79% female founders versus 84.21% male, highlighting a gender gap in entrepreneurship.
  • Gender Distribution Among Directors: 25.23% female directors, showing a need for greater female representation in leadership roles.
  • Age Distribution of Directors: A diverse age range with a higher concentration in the 50-60 age bracket, suggesting experienced leadership.

Conclusion

Blaenau Gwent’s economic landscape is marked by a growing workforce, diversification in key sectors, and a robust new business environment. The region’s engagement in various industries, from construction to technology, forms a resilient economic base. However, there’s room for improvement in areas such as gender diversity in leadership and innovation.

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