Overview
This report provides an in-depth analysis of the economic and business activities in Walsall. Key indicators include employment, sector dynamics, company trends, and gender diversity in leadership roles. The data paints a picture of a city with a strong presence in wholesale and retail trade, alongside significant activities in construction and administrative services. The gender diversity in founding and director roles also offers insights into the inclusivity of the business environment in Walsall.
Employment and Business Growth
- Total Employees: Walsall has a total of 161,429 employees, indicating a robust workforce.
- Employee Growth: The city has seen a 21.51% growth in employee numbers, signifying a positive trend in job creation.
- Number of Raisers: 246 companies have contributed to this employment growth, showcasing the dynamic nature of the business environment.
- Sectors with Significant Growth: Sectors such as Toys, Games and Sports Equipment, and Consumer Estate Agency Services are emerging as new growth areas.
Sector Dynamics
- Dominant Sectors: The leading sectors are Wholesale and Retail Trade (16.45%), Construction (13.03%), and Administrative Services (10.07%).
- Emerging Sectors: Notable rising sectors include Energy Reduction Technology and Pharmacies, suggesting diversification in the local economy.
Business Continuity
- Company Cessations: Walsall has experienced 2,060 company cessations, a figure that needs further analysis to understand its impact on the local economy.
- Company Formations: There were 5,672 new companies formed in the last two years, indicating a vibrant start-up environment.
Gender Diversity in Leadership
- Founders Gender: 13.64% of founders are female, while 86.36% are male. This highlights a significant gender gap in entrepreneurship.
- Directors Gender: In directorial roles, 24.93% are female and 70.98% are male, showing a similar trend but with slightly more gender diversity.
Conclusion
Walsall’s economy is characterised by strong growth in employment and a diverse range of sectors. The city shows promising signs in emerging industries, although there is a noticeable gender disparity in leadership roles. This report underscores the economic vibrancy and potential areas for development in Walsall.