Overview
This report examines the economic and business landscape of Welwyn Hatfield, focusing on employment, sector dynamics, business growth, and diversity in leadership. The analysis is based on data including total employees, sector composition, company dynamics, and demographics of founders and directors.
Employment and Business Growth
- Total Employees: Welwyn Hatfield has a total of 645,824 employees. The significant employee base indicates a robust economic environment.
- Percentage Employee Growth: The region has experienced an 8.41% growth in employment, suggesting a positive trend in job creation.
- Number of Scaleups: With 66 scaleups, there is evidence of a nurturing environment for expanding businesses.
- Company Formations: 1,206 new companies have been established in the last two years, indicating a dynamic and entrepreneurial business climate.
Sector Analysis
- Top Sectors: The leading sectors are Professional, Scientific, and Technical Activities (16.73%), Construction (12.42%), and Wholesale/Retail Trade (11.97%). This diverse sector distribution showcases a balanced economic structure.
- Sector Growth Leaders: Sectors with notable growth include Waste Management Services, Analytics, Mobile Hardware, E-commerce, and Film. These emerging sectors represent areas of innovation and potential future economic drivers.
Business Continuity
- Company Cessations: There are 1,011 companies that have ceased operations, which is a natural aspect of a dynamic business environment.
Leadership Diversity
- Founders’ Gender: 18.84% of founders are female, and 81.16% are male, indicating a gender gap in entrepreneurial initiatives.
- Directors’ Gender: The board composition is 26.33% female and 69.05% male, with a similar gender gap observed at the leadership level.
- Age of Directors: A broad age range among directors, with notable representation in the 50-60 age bracket (27.54%), suggesting experienced leadership in businesses.
Conclusion
Welwyn Hatfield demonstrates a thriving economic landscape with significant employment, a diverse range of sectors, and growing businesses. However, there is room for improvement in gender diversity among founders and directors. The region shows potential for future growth, particularly in emerging sectors.