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

Analysis Report: Economic and Business Activity in Havant

Overview

The economic landscape of Havant is characterised by a diverse range of sectors, with Construction, Professional, Scientific and Technical Activities, and Real Estate being the most prominent. Despite the absence of new IPOs, the region shows a healthy 9.33% growth in employment. A noteworthy aspect is the gender distribution among founders and directors, indicating a higher prevalence of male leadership. The presence of scale-ups and a substantial number of new companies in the last two years highlight an environment conducive to business growth and innovation.

Employment and Business Growth

  • Total Employees: Havant employs 33,625 individuals. The region has experienced a significant 9.33% growth in employment, indicating a robust economic environment conducive to job creation.
  • Employment Raisers: There are 68 companies that have contributed to this employment growth, showcasing the dynamic nature of the local business ecosystem.

Sector Dynamics

  • Top Sectors: Construction (17.03%), Professional/Scientific/Technical Activities (16.27%), and Real Estate (10%) dominate the local industry landscape, indicating a balanced mix of traditional and knowledge-based sectors.
  • Top Sectors with Growth: Sectors like Mobile Apps and Other Business/Professional Services have seen new company growth, reflecting an adaptation to modern business trends and technological advancements.

Business Continuity

  • Company Cessations: Havant reported a total of 10200 company cessations, which, against the backdrop of 8633 existing companies, suggests a challenging environment for business sustainability.

Innovation and Entrepreneurship

  • New Companies: In the past two years, 1787 new companies have emerged, highlighting an encouraging entrepreneurial spirit in the region.
  • Scaleups: The presence of 23 scale-ups is a positive indicator of business maturity and potential for further economic contribution.

Gender Representation in Leadership

  • Founders: 23.53% of founders are female, while 76.47% are male, indicating a gender gap in entrepreneurial leadership.
  • Directors: Female representation among directors stands at 27.32%, with male directors constituting 68.34%.

Conclusion

Havant’s economic landscape demonstrates a healthy mix of traditional and emerging sectors, coupled with a significant growth in employment. The region shows potential for innovation, as seen in the number of new companies and scale-ups, but faces challenges in business sustainability. Efforts to bridge the gender gap in leadership could further enhance the inclusivity and dynamism of Havant’s business environment.

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