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

Analysis Report: Economic and Business Activity in Isle of Wight


The Isle of Wight’s economic landscape presents a diverse mix of sectors, with significant activities in professional, scientific, technical activities, construction, and trade. The total employee count stands at 22,102, reflecting a dynamic employment scenario. Notably, there’s an absence of IPOs, suggesting a focus on established businesses over new market entrants. The gender distribution among founders and directors indicates a skew towards male dominance, which could highlight potential areas for gender diversity initiatives.

Employment and Business Growth

  • Total Employees: 22,102 employees with a 7.44% growth in employment. This suggests a robust employment market, potentially driven by the dominant sectors.
  • Top Sectors by Company Count: Key sectors include Professional, Scientific, and Technical Activities (13.53%), Construction (11.52%), and Wholesale/Retail Trade (9.91%). The diversity in top sectors reflects a balanced economic structure.
  • Top Sectors by Growth: No specific data on sector growth rates, indicating a need for more detailed analysis on sector dynamics.
  • Number of Scaleups: 27 companies. This indicates a moderate level of business scaling, essential for long-term economic sustainability.

Business Continuity

  • Company Cessations: No specific data provided. This metric is crucial to understand business survival and market stability.
  • Number of New Companies (Last 2 Years): 662, reflecting a vibrant entrepreneurial environment.
  • Number of SMEs: 5,322, indicating that small and medium enterprises form the backbone of the local economy.
  • Number of Exporters: 123, suggesting a level of international trade engagement.
  • Number of Companies with Foreign Parentage: 56, showing some degree of foreign investment or multinational presence.
  • Number of Fundraisings: 148, highlighting active investment and financing activities.
  • Number of Patent Owners: 3, a relatively low figure, which could suggest limited innovation or a focus on non-patentable sectors.

Director and Founder Demographics

  • Gender Distribution of Founders: 10.53% female, 89.47% male. This significant gender gap highlights an area for potential policy intervention to support female entrepreneurship.
  • Gender Distribution of Directors: 31.98% female, 64.98% male. Similar to founders, a gender gap is evident, though less pronounced.
  • Age Distribution of Directors: Majority (41.04%) are over 60, followed by the 50-60 age bracket (26.09%). This indicates experienced leadership, but may also point to a need for younger perspectives in director roles.

Other Indicators

  • Number of Young Companies with Young Directors: 164, demonstrating a promising influx of young leadership in new enterprises.
  • Number of Spinouts: 0, suggesting limited commercialisation of academic or corporate research.
  • Event Attendances: 2. The data is unclear, requiring clarification for relevance.


The Isle of Wight’s economic and business activity is characterised by a strong mix of sectors, steady employment growth, and a significant SME presence. While the landscape shows healthy signs of entrepreneurship and investment, areas like gender diversity in leadership, innovation, and research commercialisation present opportunities for further development.

Company foundations and cessations over time

Active companies over time

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