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

Analysis Report: Economic and Business Activity in West Devon


West Devon presents a diverse economic landscape, marked by a robust presence in professional, scientific, technical activities, and a notable retail trade. With a total of 24,909 employees, the region has experienced a 7.25% growth in employment. The area’s economic fabric is enriched by a blend of sectors, from construction to information and communication, each contributing uniquely to the area’s economic dynamics.

Employment and Business Growth

  • Total Employees: 24,909. West Devon has seen a significant increase in employment, with a 7.25% growth. This indicates a healthy job market and a positive trend in economic development.
  • Employee Growth Rate: 7.25%. This rate is indicative of robust business activity and expanding opportunities in the region.
  • Top Sectors with Employment Growth: Not specifically provided, but growth can be inferred from sectors with a high number of companies like professional, scientific and technical activities, and retail trade.

Sector Dynamics

  • Top Sectors by Number of Companies: Professional, scientific and technical activities (19.35%), retail trade (12.78%), construction (9.35%), real estate activities (8.35%), and accommodation and food service activities (7.34%).
  • Emerging Sectors: Other consumer goods, veterinary services, and clothing. These sectors, despite their small size, indicate diversification in the local economy.
  • Number of Companies: 2,480. A robust number suggesting a healthy business ecosystem.
  • New Companies in 2 Years: 482. This figure demonstrates dynamic entrepreneurial activity in the region.
  • Small and Medium Enterprises (SMEs): 2,071. SMEs form the backbone of West Devon’s economy, indicating a strong presence of local businesses.
  • Exporters: 46. This number, though modest, shows global engagement among local businesses.
  • Companies with Foreign Parentage: 8. This suggests some level of foreign investment or international business relationships.

Business Continuity

  • Company Cessations: 184. This figure is relatively low compared to the number of new companies, indicating a stable business environment.

Gender Representation in Leadership

  • Founders: 50% female, 44.44% male, 5.56% unknown. This indicates a commendable balance in gender representation among founders.
  • Directors: 33.31% female, 62.71% male, 3.98% unknown. There is a notable gap in gender representation at the director level, with male directors being predominant.


West Devon’s economic landscape is marked by a strong presence in diverse sectors, significant employment growth, and a vibrant entrepreneurial spirit. The area demonstrates a balanced gender representation among founders, although there’s room for improvement at the director level. The data reflects a healthy, dynamic economy with potential for future growth and diversification.

Company foundations and cessations over time

Active companies over time

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