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

Analysis Report: Economic and Business Activity in Lewes

Overview

Lewes presents a diverse economic landscape, marked by significant activity in professional, scientific, technical, and construction sectors. While no new IPOs were recorded, the overall employment growth is positive, indicating a dynamic business environment. A balanced gender representation in directorship roles and a notable number of young companies suggest a progressive and evolving business culture.

Employment and Business Growth

  • Total Employees: 17,057 employees with a 7.05% growth rate. This growth is indicative of a robust employment market in Lewes, likely driven by the expanding sectors.
  • Employment Growth Drivers: 31 companies have notably raised their employee count, signaling an active job market and potential sector expansions.

Sector Dynamics

  • Top Sectors: Key sectors include professional, scientific, technical activities (896 companies, 16.07%), construction (615 companies, 11.03%), and retail trade/repair of motor vehicles (613 companies, 11.00%). These sectors are vital to the local economy, providing a range of employment opportunities.
  • Growth Sectors: Sectors with notable company growth include food and drink processors, technology/IP-based businesses, and analytics. This diversification suggests a move towards high-value, knowledge-based industries.
  • Scale-ups: 26 scale-up companies, showing a healthy ecosystem for business expansion and development.
  • New Companies: 547 companies founded in the last two years out of 5,575 total companies, indicating a vibrant startup culture.
  • SMEs and Exporters: 4,476 SMEs and 146 exporters, highlighting the importance of small and medium-sized enterprises in the local economy.

Business Continuity

  • Company Cessations: 465 companies ceased operations, which may reflect market adjustments or competitive pressures.

Diversity and Inclusion

  • Founders’ Gender: 24% female founders, 74.67% male founders. This shows a gender gap but also a significant presence of female entrepreneurs.
  • Directors’ Gender: 32.15% female directors, which is relatively high, indicating progressive gender inclusion in leadership roles.

Conclusion

Lewes’ economy is characterised by a strong presence in professional and technical sectors, with a growing focus on high-value industries. Employment growth and the rise of scale-ups point to a dynamic business environment. However, the challenge remains in closing the gender gap among founders. The blend of established and emerging sectors, combined with a progressive leadership landscape, positions Lewes as a promising hub for economic development.

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