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

Analysis Report: Economic and Business Activity in Brighton and Hove

Overview

Brighton and Hove’s economic landscape shows a dynamic mix of sectors, with a significant presence in information and communication, professional, scientific and technical activities, and real estate. The city’s total employment stands at 155,197, with recent data indicating 760 employee raisers, suggesting a healthy trend in job growth. Notably, the city has not experienced any IPOs recently, but there is a noticeable growth in employee numbers, marked by a 7.15% increase. The presence of 99 scaleups and a substantial number of new companies (6,315 in the last two years) highlight an environment conducive to business growth and entrepreneurial activity.

Employment and Business Growth

  • Total Employees: 155,197 – Brighton and Hove demonstrate a robust employment landscape with a notable increase in the number of employees, indicative of economic vitality.
  • Employee Raisers: 760 – This figure suggests a positive trend in job creation, likely driven by the city’s diverse economic sectors.
  • Employee Growth Percentage: 7.15% – A significant uptick in employment numbers, pointing towards an expanding job market and possibly improved economic conditions.
  • Scaleups: 99 – The presence of nearly a hundred scaleups signals a healthy startup ecosystem with potential for future economic contributions.

Sector Analysis

  • Top Sectors: Information and communication (18.29%), Professional, scientific and technical activities (17.78%), and Real estate (9.39%). These sectors dominate the city’s economic landscape, indicating a strong presence in knowledge-based and service-oriented industries.
  • Rising Sectors: Software-as-a-service (SaaS), Internet platforms, and Mobile apps are among the top sectors experiencing growth. This suggests a shift towards digital and technology-driven industries, aligning with global economic trends.

Business Continuity

  • Company Cessations: 3,368 – This number, while significant, needs to be viewed in the context of the number of new companies and overall business dynamics in the city.
  • New Companies in 2 Years: 6,315 – A substantial figure, showcasing vibrant entrepreneurial activity and a conducive environment for new business ventures.

Company Demographics

  • SMEs: 27,203 – Small and medium-sized enterprises form the backbone of the city’s economy, contributing significantly to employment and economic diversity.
  • Exporters: 386 – The presence of a notable number of exporters indicates the city’s integration into the global market.
  • Companies with Foreign Parent: 359 – This reflects the city’s attractiveness to foreign investment and its global business connections.

Innovation and Funding

  • Fundraisings: 159 – Demonstrates active investment and funding activities, essential for business growth and innovation.
  • Patent Owners: 14 – While modest, this number suggests some degree of innovation, especially in specific sectors.
  • Grantees: Not available in the data provided.

Diversity in Leadership

  • Founders’ Gender: 24% female, 74.48% male – Indicates a gender gap in entrepreneurship which could be an area for development.
  • Directors’ Gender: 29.98% female, 65.38% male – Similar to founders, there’s a notable gender disparity in leadership roles.

Conclusion

Brighton and Hove exhibit a vibrant and diverse economic environment with significant growth in employment and business activities. The city’s strong performance in sectors like information and communication, alongside the rise of tech-focused industries, positions it well for future economic prosperity. However, there are areas for improvement, such as addressing gender disparities in business leadership and fostering innovation.

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