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

Analysis Report: Economic and Business Activity in North East Lincolnshire


North East Lincolnshire exhibits a diverse economic landscape. The region has a total of 48,667 employees, with significant activities in sectors like construction, retail trade, and professional services. Notably, there is a focus on other manufacturing and engineering sectors as top raisers. Despite having no IPOs, the region shows a healthy 7.13% employee growth and a robust presence of small and medium-sized enterprises (SMEs).

Employment and Business Growth

  • Total Employees: 48,667. The region has shown a commendable growth in employment, with a 7.13% increase in employee numbers indicating a positive economic trajectory.
  • Top Sectors by Company Count: Construction (1,405 companies), Retail Trade (1,393 companies), and Professional Services (1,026 companies) dominate the business landscape, highlighting a well-rounded industrial mix.
  • Top Sectors with Increase in Company Numbers: Other manufacturing and engineering sectors are prominent among growing industries, suggesting a tilt towards specialised manufacturing.

Business Continuity

  • Company Cessations: The region has a significant number of company cessations, totaling 1,077. This figure underscores the challenges faced by businesses, possibly due to competitive markets or economic shifts.
  • New Companies in Last Two Years: 2,320 new companies have been established in the last two years, reflecting a dynamic and entrepreneurial business environment.
  • Total Number of Companies: There are 8,982 companies, indicating a robust and diverse business ecosystem.


North East Lincolnshire’s economic health is marked by a strong mix of established sectors like construction and retail, coupled with emerging strengths in specialised manufacturing. The substantial growth in employment and the influx of new companies signify a vibrant economic landscape. However, the high number of company cessations also points to the need for strategies to improve business resilience and continuity.

Company foundations and cessations over time

Active companies over time

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