Overview
Rother, a local council area, shows diverse economic activities, with a particular strength in professional, scientific, technical, and construction sectors. The region has a total of 38,422 employees, with a notable 11.43% employee growth. There’s a strong representation of small and medium-sized enterprises (SMEs) and a notable number of new companies established in the last two years.
Employment and Business Growth
- Total Employees: 38,422. The employment landscape in Rother is growing, with an 11.43% increase in employment. This suggests a robust job market and opportunities for workforce development.
- Employee Growth Rate: 11.43%. This significant growth rate indicates a healthy and expanding job market in Rother, reflecting economic vibrancy.
- Number of Scale-ups: 22. The presence of scale-up companies highlights the region’s potential for business expansion and innovation.
Sector Dynamics
- Top Sectors: The dominant sectors include professional, scientific, technical activities (998 companies), construction (975 companies), and real estate activities (772 companies). These sectors are critical drivers of Rother’s economy.
- Sectors with Rising Companies: Consumer banking and financial services, other business and professional services, social networks, and mobile apps are emerging as dynamic sectors with potential for future growth.
Company Trends
- Number of Companies: 7,108. A substantial base of companies underpins the local economy, providing a diverse range of services and products.
- New Companies in Last 2 Years: 1,424. This shows a healthy startup ecosystem and entrepreneurial spirit in the region.
- Small and Medium Enterprises (SMEs): 5,689. SMEs are the backbone of Rother’s economy, contributing significantly to employment and economic diversification.
- Exporters: 125. Export activity in Rother, though modest, contributes to the region’s economic resilience and global reach.
- Companies with Foreign Parentage: 2. This indicates limited but present foreign investment and international business connections.
- Fundraisings: 70. The number of fundraisings reflects an active investment landscape, crucial for business growth and innovation.
Business Continuity
- Company Cessations: 546. While there are company closures, the number is relatively low compared to the total companies, indicating a stable business environment.
- Patent Owners: 2. The presence of patent owners suggests some degree of innovation and intellectual property development in the region.
Conclusion
Rother’s economic landscape is characterised by a growing workforce, a strong SME presence, and diversification across several key sectors. The rise in new companies and scale-ups indicates a dynamic and evolving business environment. However, there is room for improvement in areas like innovation, exports, and attracting more foreign investment to further strengthen the economic base.