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

Analysis Report: Economic and Business Activity in Gedling

Overview

Gedling’s economic landscape is characterised by a diverse range of sectors, with a total of 28,333 employees. The data indicates notable growth in certain industries, alongside stable metrics in business formations and operations. Key sectors include construction, retail trade, and professional activities, reflecting a balanced mix of traditional and service-oriented businesses. The gender diversity in founding and director roles, along with company age demographics, offer insights into the entrepreneurial and governance dynamics within the council area.

Employment and Business Growth

  • Total Employees: Gedling employs 28,333 people. The 6.9% employee growth rate indicates a healthy expansion in the job market.
  • Sectors with Employee Growth: Major raisers include construction, retail trade, and professional services, signifying a robust and diversified economic base.
  • Industries Leading in Numbers: The top sectors by company numbers are construction (770 companies), retail trade (710 companies), and professional services (684 companies).
  • Top Sectors Raising Employment: Key sectors showing growth include toys, games, sports equipment, built environment, oil and gas, and CleanTech.

Business Continuity

  • Company Cessations: Gedling has seen a low rate of company cessations, with only 522 out of 5,876 companies closing, indicating a strong business survival rate.
  • New Companies in 2 Years: The council saw the formation of 1,430 new companies over the past two years, showing a vibrant startup ecosystem.
  • Scale-ups: There are 25 scale-up companies, demonstrating the potential for significant future growth in the local economy.

Diversity and Innovation

  • Gender Diversity in Leadership: Female founders represent 11.54%, while female directors are at 28.15%, suggesting room for improvement in gender diversity at higher levels.
  • Innovation Indicators: The presence of 51 patent owners and 2 grantees is a positive sign of innovation and intellectual property generation within the council.

Conclusion

Gedling’s economy is marked by a growing workforce, a thriving mix of sectors, and a stable business environment. The region shows promise in innovative fields, although there’s a noticeable gap in gender diversity at the leadership level. The council’s economic health appears robust, with a well-balanced mix of traditional and emerging sectors contributing to its growth.

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