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

Analysis Report: Economic and Business Activity in Gloucester

Overview

Gloucester’s economic landscape is diverse, with a significant presence in sectors like wholesale/retail trade and construction. The city’s employment base is robust, hosting 37,716 employees. The trends in sector dynamics, gender distribution among founders and directors, and company growth indicators provide a comprehensive view of Gloucester’s economic health.

Employment and Business Growth

  • Total Employees: 37,716. Gloucester has seen a significant workforce, with 12 sectors experiencing growth.
  • Employee Growth Rate: A 14.87% growth rate in employees highlights a dynamic job market, potentially linked to the city’s evolving business landscape.
  • Top Sectors by Company Count: The leading sectors are wholesale/retail trade (896 companies), construction (831), and professional, scientific, and technical activities (817). These sectors are crucial to Gloucester’s economic fabric.
  • Sectors with Rising Company Counts: Notable sectors with rising company counts include energy reduction technology and e-commerce, indicating a shift towards more technology and sustainability-focused industries.

Company Dynamics

  • Total Companies: 6,824, reflecting a diverse and extensive business environment.
  • New Companies (2 Years): 957. This number suggests a healthy rate of new business formation, indicative of an entrepreneurial spirit in the city.
  • Small and Medium Enterprises (SMEs): 5,080 SMEs form the backbone of Gloucester’s economy, driving innovation and employment.
  • Exporters: 144. This number, though modest, indicates Gloucester’s participation in global trade.
  • Companies with Foreign Parentage: 85, suggesting a degree of international investment and influence in the local economy.

Innovation and Growth

  • Number of Scaleups: 46. These rapidly growing companies are critical for job creation and economic dynamism.
  • Patent Owners: 83. A significant number of patent owners denote a strong innovation ecosystem.
  • Fundraising Activities: 5 fundraisings, indicating active investment in local businesses.

Gender Representation

  • Founders Gender Percentage: Female founders represent 11.43%, male founders 85.71%. This disparity highlights a gender gap in entrepreneurial activities.
  • Directors Gender Percentage: Female directors stand at 26.38%, while male directors are at 69.42%. The data shows a more balanced, yet still male-dominated, representation in corporate leadership.

Business Continuity

  • Company Cessations: 657. This figure, relative to the total number of companies, suggests a competitive business environment with some level of turnover.

Conclusion

Gloucester’s economic landscape is characterised by a strong presence in traditional sectors like wholesale/retail trade and construction, alongside emerging sectors like energy reduction technology and e-commerce. The city shows healthy employment growth and a vibrant SME sector. However, there’s a notable gender disparity in entrepreneurship and corporate leadership. The innovation ecosystem, as indicated by patent owners and scaleups, is promising, although the number of company cessations points to competitive challenges.

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