Overview
Spelthorne showcases a diverse economic landscape, underpinned by strong sectors like construction, professional activities, and retail trade. With a total of 40,638 employees and a 11.06% growth in employment, the area reflects a dynamic job market. The presence of 31 scale-ups and a significant number of new companies (1,894 in the last two years) indicates a robust entrepreneurial environment. However, the absence of IPOs and a low percentage of female founders and directors suggest areas for improvement in gender diversity and high-growth financial activities.
Employment and Business Growth
- Total Employees: 40,638. Spelthorne’s workforce shows a healthy expansion with an 11.06% growth rate. This growth is supported by the emergence of 31 scale-ups, indicating a strong base for future employment opportunities.
- Sector Dynamics: Key sectors driving employment are construction (14.69%), professional activities (13.94%), and retail trade (12.55%). These sectors not only lead in the number of companies but also in their contribution to the job market.
- Business Growth Indicators: With 7,735 total companies, including 5820 SMEs, the region demonstrates a vibrant business ecosystem. The addition of 1,894 new companies over the past two years further signifies a thriving entrepreneurial spirit.
Business Continuity
- Company Cessations: The data indicates a relatively stable business environment with no significant number of company closures. However, the presence of 808 dead companies suggests a need for enhanced support and resources for business sustainability.
- Gender Diversity in Leadership: The area shows a gender gap in business leadership, with only 12% female founders and 25.86% female directors. This highlights a potential area for development in terms of encouraging more female-led enterprises.
Conclusion
Spelthorne’s economic and business activities present a picture of growth and diversity, with strong sectors like construction and professional activities leading the way. The significant number of new and small-medium enterprises points to a healthy entrepreneurial ecosystem. However, the lack of gender diversity in leadership positions and absence of IPOs indicate areas where further development could be beneficial.