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

Analysis Report: Economic and Business Activity in Uttlesford

Overview

Uttlesford presents a dynamic economic landscape characterised by a diverse array of sectors. With a total of 39,995 employees, the region has seen significant growth in sectors like professional, scientific, technical activities, and construction. The presence of new companies and scaleups indicates a thriving entrepreneurial ecosystem. However, the gender distribution among founders and directors suggests room for improvement in diversity.

Employment and Business Growth

  • Total Employees: Uttlesford employs 39,995 individuals. A notable increase is observed with 125 companies reporting employee growth.
  • Employee Growth: The employee growth percentage stands at 5.89%, reflecting a healthy job market.
  • Scaleups: There are 49 scaleups, indicating a robust environment for business expansion.
  • New Companies (2 years): 867 new companies were established in the last two years, signifying a vibrant startup scene.

Sector Dynamics

  • Top Sectors: The leading sectors are professional, scientific, technical activities (17.76%), construction (12.84%), and administrative/support services (10.68%). These sectors are pivotal in driving the local economy.
  • Sector Growth: Notably, sectors like research tools/reagents, pharmaceuticals, and CleanTech are emerging as significant growth areas.
  • Total Companies: There are 8,518 companies in total, demonstrating a diverse business landscape.
  • New Companies: 1,631 new companies have been registered recently, indicating sustained business interest in the region.
  • SMEs: Small and medium enterprises (SMEs) number 6,752, forming the backbone of the local economy.
  • Exporters: The region hosts 252 exporters, contributing to its economic diversity.
  • Foreign Parent Companies: There are 136 companies with foreign parentage, suggesting international business interest.

Business Continuity

  • Company Cessations: The cessation rate, with 674 companies closing, highlights challenges in sustaining business operations.
  • Company Survival: With 93.34% of companies still operational, the survival rate is commendable.

Diversity in Leadership

  • Founders’ Gender: Female founders constitute 9.52%, while male founders dominate at 89.52%. This indicates a significant gender gap in entrepreneurship.
  • Directors’ Gender: Female directors represent 27.59%, compared to 68.54% male directors, suggesting a need for greater gender balance in leadership.
  • Age Distribution of Directors: Directors are spread across age groups, with the highest concentration (29.57%) in the 50-60 age bracket.

Innovation and Development

  • Patent Owners: The presence of 4 patent owners indicates some degree of innovation within the region.
  • Grant Recipients: With 14 grant recipients, there’s evidence of ongoing research and development activities.

Conclusion

Uttlesford’s economic profile is marked by a thriving mix of sectors, substantial business growth, and a promising startup environment. Challenges lie in enhancing business sustainability and improving diversity in leadership. The regional economy is bolstered by a significant number of SMEs and a healthy rate of new company formations, indicating a robust and evolving economic landscape.

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