Overview
The economic landscape of Ealing presents a diverse and dynamic environment. With a total of 159,159 employees, the region has experienced a significant rise in employment. Key sectors like wholesale and retail trade, professional activities, and construction dominate the business profile. A notable emphasis on the growth of scale-ups and a substantial number of new companies indicate a fertile ground for business innovation and entrepreneurship. The gender diversity in founders and directors, along with the age distribution of directors, reflects a nuanced picture of leadership in the local economy.
Employment and Business Growth
- Total Employees: 159,159. Ealing’s employment scene shows robustness, with a total employee count of 159,159. This figure indicates a strong labor market and diverse employment opportunities.
- Employee Growth: 12.16% growth. The positive growth rate of 12.16% in employees signifies a thriving economic environment, likely driven by emerging sectors and new businesses.
- Number of Companies Raising Employees: 1,083. The increase in the number of companies raising employees suggests a healthy, expanding business ecosystem.
Sector Dynamics
- Top Sectors: Wholesale/retail trade and repair of motor vehicles (20.12%), Professional activities (12.95%), Construction (12.11%). These sectors represent the backbone of Ealing’s economy, showing a diversified economic base.
- Sector Growth: Sectors like Food and Drink Processors and Mobile Apps are on the rise. The emergence of these sectors indicates adaptability and responsiveness to modern market demands.
Business Continuity
- Company Cessations: 4,725. This number, while significant, needs to be contextualised within the broader economic landscape, which includes a high number of new and existing companies.
Diversity and Leadership
- Gender Diversity in Founders: 19.34% female, 78.83% male. This distribution highlights the gender gap in entrepreneurial ventures, suggesting a need for increased support and opportunities for female founders.
- Age Distribution of Directors: A broad age range, with a notable presence of directors in the 40-50 age group (28.01%). This diversity in age indicates a blend of experience and new perspectives in company leadership.
Conclusion
Ealing’s economic environment is marked by a strong employment sector, a diverse range of thriving industries, and a notable rise in innovative sectors like mobile apps and e-commerce. While there is robust growth and diversity in business types and leadership, areas like gender diversity among founders and company cessations need focused attention. Overall, Ealing presents a dynamic and evolving economic landscape.