Overview
Gosport’s economy showcases a diverse range of sectors, with a significant presence in construction, retail trade, professional services, and real estate. Despite the absence of IPO activity, there is evidence of steady business growth, as indicated by the 7.14% increase in employment and the formation of 660 new companies over the past two years. The presence of scaleups and a substantial number of SMEs underscores an entrepreneurial spirit. However, the low percentage of female founders and directors suggests an area for improvement in gender diversity.
Employment and Business Growth
- Total Employees: Gosport has a total of 10,169 employees, indicating a stable employment base.
- Employee Growth Rate: The 7.14% growth rate in employment is a positive indicator of the city’s economic vitality.
- Scaleups: The presence of 13 scaleups reflects a dynamic business environment conducive to growth.
Sector Dynamics
- Leading Sectors: Construction, retail trade, professional services, real estate, and administrative support are the top sectors.
- Sector Growth: No specific data on sector growth rate, but the variety of sectors present indicates a balanced economic structure.
Company Trends
- New Companies (2 years): 660 new companies in the past two years demonstrate a healthy rate of business formation.
- Total Companies: With 2,836 companies, Gosport has a diverse business ecosystem.
- SMEs: 2,197 SMEs form the backbone of the local economy, highlighting the importance of small and medium enterprises.
- Company Cessations: There is no specific data on company cessations provided.
International and Innovation Indicators
- Exporters: 73 exporters suggest some level of international business engagement.
- Companies with Foreign Parent: 29 companies with foreign parentage indicate international investment.
- Fundraisings: 84 fundraisings reflect active investment and financial engagement within the local economy.
- Patent Owners: Presence of a patent owner indicates some level of innovation.
Diversity and Inclusion
- Gender Diversity (Founders): Female founders constitute only 8.33% of the total, indicating a significant gender gap.
- Gender Diversity (Directors): 28.05% female directors show some level of gender diversity, but there’s room for improvement.
Conclusion
Gosport’s economic landscape is characterised by a diverse sector presence and a growing number of small and medium-sized businesses. The increase in employment and the steady formation of new companies are positive signs. However, the low percentage of female founders and directors highlights a need for more inclusive policies to encourage diversity in business leadership.