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

Analysis Report: Economic and Business Activity in Hart

Overview

Hart presents a diverse economic landscape with a strong presence in professional, scientific, technical, information, communication, and construction sectors. With a total of 107,621 employees, the city has witnessed a notable employee growth rate of 6.70%. The prevalence of small and medium-sized enterprises (SMEs) and a significant number of new companies in the last two years highlight a vibrant entrepreneurial spirit. However, the gender disparity in leadership positions, both in terms of founders and directors, indicates areas for potential improvement in diversity.

Employment and Business Growth

  • Total Employees: 107,621
    • Analysis: Hart’s workforce shows robustness, with significant contributions from key sectors like professional and technical activities. The 6.70% employee growth rate suggests a healthy job market, likely driven by the rise in SMEs and new companies.
  • Company Raisers: 91
    • Analysis: The number of companies raising funds indicates active investment and growth opportunities within the city. It reflects investor confidence and a conducive environment for business expansion.

Sector Dynamics

  • Top Sectors: Professional, scientific and technical activities (21.03%), Information and communication (13.34%), Construction (10.94%)
    • Analysis: These sectors are pivotal to Hart’s economy, showcasing diversity and specialisation. The strong presence in professional services and tech indicates a knowledge-based economy.
  • Top Sectors with Rising Companies: Software-as-a-Service (SaaS), Collaboration Tools, Analytics/Insight Tools
    • Analysis: These sectors represent the growing trend in digital transformation and the emphasis on data-driven decision-making in businesses.

Business Continuity

  • Company Cessations: 686
    • Analysis: This figure, albeit representing business closures, must be viewed in the context of the dynamic business environment, with a high number of new companies indicating a healthy churn and entrepreneurial activity.

Gender Diversity in Leadership

  • Founders: 17.44% Female, 82.56% Male
  • Directors: 29.46% Female, 67.26% Male
    • Analysis: The gender gap in both founders and directors highlights the need for greater inclusivity and gender diversity in leadership roles.

Conclusion

Hart’s economic landscape is vibrant and diverse, led by strong sectors like professional services, tech, and construction. The positive employee growth rate and substantial new business formation signify a dynamic and healthy economic environment. However, the gender disparity in leadership roles suggests a need for more inclusive practices. Strengthening diversity could further enhance Hart’s economic robustness and innovation capacity.

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