Overview
The Vale of Glamorgan, with its diverse economic landscape, showcases significant activity in various sectors. With a total of 21,452 employees, the region has witnessed a rise in employment. Notably, the area demonstrates a balanced mix of traditional and modern industries, with significant representation in professional, scientific, technical, construction, and retail sectors.
Employment and Business Growth
- Total Employees: 21,452. The region has seen a noteworthy increase in employment, indicating robust economic health and job creation.
- Employee Growth Rate: An annual growth of approximately 7%, suggesting a dynamic job market and potential for future expansion.
- Sector Dynamics: The leading sectors include professional, scientific, technical activities (14.41%), construction (11.11%), and retail trade (11.04%). This diverse sectoral presence indicates a well-rounded economic base.
- Top Sectors with Rising Companies: Other business and professional services, manufacturing and engineering, and sporting events are among the sectors showing significant growth, highlighting emerging areas of economic activity.
Business Continuity
- Company Cessations: The data indicates a relatively stable business environment, with no significant number of company closures.
- New Companies (2 years): 1,016 new companies in the last two years, reflecting entrepreneurial spirit and business optimism in the region.
- Scale-ups: 22 scale-up companies, signifying a nurturing environment for business growth and expansion.
Gender Representation in Business
- Founders Gender: 29.27% female founders and 70.73% male founders. This data points towards a gender gap in entrepreneurship which could be an area for targeted policy intervention.
- Directors Gender: 30.29% female directors and 65.57% male directors, indicating a similar trend in corporate leadership.
Conclusion
The Vale of Glamorgan’s economic landscape is marked by a healthy mix of traditional and emerging sectors, sustained employment growth, and a vibrant entrepreneurial ecosystem. While the region shows strong economic indicators, efforts towards bridging the gender gap in entrepreneurship and leadership could further enhance its economic dynamism.