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

Analysis Report: Economic and Business Activity in Tewkesbury

Overview

Tewkesbury exhibits a diverse economic profile with strengths in various sectors. The professional, scientific, and technical activities sector leads, followed by construction, and trade/repair of motor vehicles and motorcycles. The town shows a healthy balance of established and emerging businesses, indicating a dynamic local economy.

Employment and Business Growth

  • Total Employees: Tewkesbury employs 61,076 individuals, reflecting the town’s robust economic activity.
  • Employee Growth: The 7.6% employee growth rate underscores a positive trend in job creation.
  • Top Sectors: Leading sectors include professional, scientific, and technical activities (16.6% of companies), construction (11.95%), and wholesale/retail trade (11.57%). These sectors are pivotal in driving the town’s economic engine.
  • Top Sectors Raisers: Emerging sectors such as ‘Other software’ and ‘Analytics, insight, tools’ indicate a shift towards technology-oriented businesses.

Business Continuity

  • Company Cessations: Tewkesbury shows a significant number of businesses ceasing operations (573), which may indicate competitive pressures or market changes.
  • Scaleups: The presence of 41 scaleups is a positive sign, reflecting the town’s capacity to support business growth.
  • New Companies: With 1,315 new companies in the last two years, Tewkesbury shows a vibrant start-up ecosystem.
  • SMEs and Exporters: A substantial number of SMEs (5,200) and exporters (285) highlight the town’s entrepreneurial spirit and global outreach.

Gender Diversity

  • Founders Gender: The gender distribution among founders shows 16.67% female and 83.33% male, indicating a gender gap in entrepreneurship.
  • Directors Gender: Female representation among directors is 27.7%, while males represent 68.92%. This suggests some progress in gender diversity, but also room for improvement.

Company Age and Innovation

  • Young Companies and Directors: 192 companies have young directors, reflecting a new generation of business leadership.
  • Patent Owners and Grantees: With 630 patent owners and 3 grantees, innovation seems to be a notable aspect of the local business landscape.

Conclusion

Tewkesbury’s economic landscape is characterised by a strong and diverse sector presence, significant new business growth, and a positive trend in employment. While there are challenges in business continuity and gender diversity, the town shows promising signs of innovation and entrepreneurial dynamism.

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