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

Analysis Report: Economic and Business Activity in Eastleigh

Overview

Eastleigh presents a dynamic economic landscape characterised by a substantial workforce and diverse business sectors. The total number of employees stands at 88,234, with a healthy spread across various industries. Notably, there has been significant growth in specific sectors, alongside a stable environment for company foundations and expansions. This report delves into detailed aspects of employment, business growth, and company dynamics in Eastleigh.

Employment and Business Growth

  • Total Employees: 88,234. Eastleigh’s workforce is robust, contributing to the local economy’s vibrancy. A 7.9986% employee growth rate indicates an expanding job market, likely driven by the growth in various sectors.
  • Employee Growth: The 40 companies reporting employee increases reflect a positive trend in job creation. This growth is pivotal for economic stability and prosperity.
  • Top Sectors: The leading sectors by company count include Professional, Scientific, and Technical Activities (1,720 companies; 16.84%), Construction (1,429 companies; 13.99%), and Administrative Support Service Activities (1,083 companies; 10.61%). These sectors are pivotal in shaping Eastleigh’s economic profile.
  • Sectors with Rising Companies: Notable growth is seen in business services, technology/IP-based businesses, analytics, recruitment agencies, and manufacturing/engineering. These emerging sectors are essential for diversifying and modernising the local economy.

Business Continuity

  • Company Cessations: With 931 companies ceasing operations, there is a need to explore support mechanisms for business sustainability in Eastleigh. This number, however, must be contextualised within the total of 10,212 companies in the area.
  • New Companies (2 years): 1,095 new companies established in the past two years indicate a robust entrepreneurial spirit and a conducive environment for new ventures.
  • Scaleups: The presence of 57 scaleups suggests a healthy pipeline of growing businesses, crucial for long-term economic resilience.

Gender Diversity in Leadership

  • Founders: Gender diversity among founders shows 8.86% female and 89.87% male, highlighting a significant gender gap in entrepreneurial leadership.
  • Directors: In directorial roles, 26.78% are female and 69.03% are male, with a similar gender imbalance. Efforts to enhance female representation in leadership could be beneficial.

Conclusion

Eastleigh’s economic landscape is marked by a strong workforce, diverse business sectors, and a significant number of new and growing companies. While there are challenges in terms of company cessations and gender diversity in leadership, the overall picture is one of a vibrant and evolving economy. Efforts to support emerging sectors, enhance business sustainability, and improve gender diversity could further strengthen Eastleigh’s economic health.

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