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

Analysis Report: Economic and Business Activity in East Renfrewshire

Overview

East Renfrewshire’s economic landscape is diverse, with significant activity in sectors such as professional, scientific, technical activities, real estate, and trade. The region shows a healthy balance of sectors, a considerable number of SMEs, and a notable presence of companies in innovative fields. The employment landscape is also dynamic, with a significant percentage of companies experiencing growth.

Employment and Business Growth

  • Total Employees: East Renfrewshire employs 13,267 individuals. The region saw a noteworthy 10.76% employee growth, indicating an expanding job market.
  • Top Sectors: The leading sectors are professional, scientific and technical activities (15.66%), real estate (13.14%), and wholesale and retail trade (12.61%). This diverse economic base contributes to the region’s resilience and potential for growth.
  • Companies with Employment Growth: There were 4 companies with notable employee growth, suggesting a dynamic business environment where certain businesses are expanding rapidly.

Business Continuity

  • Company Cessations: There were 5555 company cessations and 467 companies declared dead in the recent period, which indicates a competitive market with a significant churn rate. This could point to both the challenges and dynamism in the regional economy.
  • New Companies: East Renfrewshire welcomed 576 new companies in the last two years, reflecting an environment conducive to new business ventures.
  • SMEs: With 3,339 SMEs, the region has a strong backbone of small and medium-sized enterprises, crucial for economic stability and diversity.

Gender and Age Diversity in Leadership

  • Founders’ Gender: The percentage of female founders stands at 38.46%, while male founders make up 61.54%. This shows a significant representation of women in entrepreneurial roles.
  • Directors’ Gender: Female directors account for 28.91%, with male directors at 66.59%. The region demonstrates a moderate level of gender diversity in corporate leadership.
  • Age of Directors: Directors are distributed across age groups, with a higher concentration in the 40-60 age range. This indicates a mix of experienced and relatively younger leadership in the business sector.

Innovation and Business Development

  • Patent Owners and Fundraisings: With 22 patent owners and 2 fundraising events, there’s evidence of innovation and investment activity in the region.
  • Exporters and Companies with Foreign Parentage: 49 exporters and 13 companies with foreign parentage underline the region’s integration in the global market.

Conclusion

East Renfrewshire presents a dynamic and diverse economic landscape with a strong base in professional and technical services, real estate, and trade. The presence of a considerable number of SMEs and new companies indicates a robust entrepreneurial spirit. The employment growth rate is promising, although the high number of company cessations suggests a competitive and evolving market. The region shows moderate gender diversity in leadership roles and a range of director age groups, reflecting a blend of experience and new perspectives in business management. Innovation is present, albeit on a smaller scale, as evidenced by the number of patent owners.

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