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

Analysis Report: Economic and Business Activity in Rushcliffe

Overview

Rushcliffe’s economic landscape is characterised by a strong presence in professional, scientific, technical, real estate, and retail sectors. With a total of 46,339 employees, the region shows a healthy mix of diverse business activities. Notably, sectors like toys and games, pubs and clubs, and financial services are emerging as significant contributors. The gender diversity in founding and director roles showcases progressive trends, though there is room for improvement.

Employment and Business Growth

  • Total Employees: 46,339. The employee count in Rushcliffe indicates a robust workforce, with an increase of 6.91% suggesting steady employment growth.
  • Employee Growth: The 6.91% growth in the workforce is a positive indicator of economic vitality and business expansion in the region.
  • Top Sectors by Number of Companies:
    • Professional, scientific and technical activities (1,523 companies, 18.93%)
    • Real estate activities (941 companies, 11.7%)
    • Wholesale and retail trade (827 companies, 10.28%)
    • These sectors form the backbone of Rushcliffe’s economy, showing diversity and strength in both traditional and emerging fields.

Sector Dynamics

  • Emerging Sectors: Notable growth in niche markets like toys and games, pubs and clubs, business banking, and clothes shops, indicating a diversification in the local economy.
  • Scale-ups: 33 scale-up companies are present, signifying a dynamic and evolving business environment with potential for high growth.

Business Continuity

  • Company Cessations: The data indicates 751 companies ceased operations, which may reflect market shifts or economic challenges in certain sectors.
  • New Companies in 2 Years: 1,768 new companies have emerged over two years, showcasing entrepreneurial spirit and business opportunities in the region.

Gender Diversity in Leadership

  • Founders’ Gender: 23.19% female founders, 73.91% male founders, indicating a gender gap in entrepreneurial ventures.
  • Directors’ Gender: 28.08% female directors, 65.73% male directors, reflecting a similar trend in leadership positions.

Innovation and International Business

  • Patent Owners and Grantees: With 285 patent owners and 6 grantees, Rushcliffe displays a commitment to innovation and development.
  • Exporters and Foreign Parent Companies: The presence of 155 exporters and 274 companies with foreign parentage indicates a strong international business presence.

Conclusion

Rushcliffe’s economy is characterised by a strong and diverse business ecosystem, with significant growth in employment and emerging sectors. The region shows a vibrant mix of traditional and innovative industries, though it faces challenges in business continuity and gender diversity in leadership roles. The robust number of new companies and international business activities also highlight the area’s potential for future economic development.

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