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

Analysis Report: Economic and Business Activity in Three Rivers

Overview

Three Rivers presents a dynamic and diverse economic landscape. With 107,918 total employees, the area has experienced a healthy growth in employment, evidenced by 2,624 companies reporting an increase in their workforce. The top sectors contributing to this vitality are professional, scientific and technical activities, real estate, and construction, each playing a significant role in the region’s economic fabric. The data also points towards a balanced gender representation among company founders and directors, contributing to an inclusive business environment.

Employment and Business Growth

  • Total Employees: 107,918. Three Rivers shows robust employment numbers, indicating a thriving job market.
  • Employee Growth: A 7.53% growth in employee numbers signifies an expanding economy. The presence of 50 scale-up companies further underscores this growth trajectory.
  • Companies with Increased Workforce: 2,624 companies reported a rise in employees, highlighting a positive business climate and job creation.

Sector Dynamics

  • Dominant Sectors: The leading sectors are professional, scientific and technical activities (17.91%), real estate (13.25%), and construction (12.21%). These sectors are central to the region’s economic engine.
  • Emerging Sectors: Sectors like film, management consultancy services, and takeaways show potential, though their current impact is relatively small.

Business Continuity

  • Company Cessations: 886 companies have ceased operations. This figure, while significant, needs to be viewed in the context of the 10,284 total companies in the region, suggesting a natural churn in the business ecosystem.

Diversity in Leadership

  • Founders Gender: 13.41% female founders, 85.36% male founders, 1.22% unknown. While male founders dominate, a notable presence of female entrepreneurs is evident.
  • Directors Gender: 28.06% female directors, 66.29% male directors. This shows progressive gender representation, though there’s room for improvement.

Conclusion

Three Rivers’ economic landscape is marked by a strong employment sector, diverse and growing industries, and a promising balance in gender representation among business leaders. The data reveals a healthy, evolving economic environment, though continued efforts are needed to sustain growth and improve diversity in leadership roles.

Company foundations and cessations over time

Active companies over time

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