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

Analysis Report: Economic and Business Activity in Westmorland and Furness


Westmorland and Furness presents a dynamic and diverse economic landscape. With a total of 29,013 employees, the region shows promising signs in several sectors, particularly in professional, scientific, and technical activities. The absence of IPOs indicates a focus on steady organic growth rather than rapid expansion via public markets.

Employment and Business Growth

  • Total Employees: 29,013. The region has experienced a growth rate of 12.14% in employment, indicating robust economic activity and opportunities for job creation.
  • Employment Growth Drivers: Notable sectors contributing to this growth include professional, scientific, and technical activities, construction, and wholesale/retail trade. This diversity suggests a balanced economic base with multiple growth avenues.

Sector Dynamics

  • Top Sectors by Company Count: The leading sectors are professional, scientific, and technical activities (512 companies), construction (476 companies), and wholesale/retail trade (447 companies). These sectors form the backbone of the local economy.
  • Rising Sectors: Sectors like other leisure and entertainment outlets, analytics, and business banking are emerging, though they currently represent a smaller portion of the economy.

Business Continuity

  • Company Cessations: A total of 90 companies ceased operations, which, compared to the new companies (588 in the last 2 years), indicates a healthy churn in the business environment.

Company and Startup Dynamics

  • Total Companies: 3,440, with 295 new companies established recently, reflecting a vibrant entrepreneurial climate.
  • Small and Medium Enterprises (SMEs): 2,783, forming the majority of the business landscape and driving local economic activity.
  • Exporters and Foreign Parent Companies: 109 exporters and 32 companies with foreign parentage show a degree of international integration.

Innovation and Growth

  • Scale-ups: 69 businesses are scaling up, indicating a potential for significant future growth.
  • Fundraisings and Patents: 6 fundraisings and 128 patent owners highlight an environment conducive to innovation and investment.

Gender Representation and Diversity

  • Founders’ Gender: 16.09% female founders, 80.46% male, showing a gender gap in entrepreneurial activities.
  • Directors’ Gender: More balanced, with 31.72% female and 64.84% male directors.


Westmorland and Furness demonstrates a healthy and diverse economic environment with strong growth in employment and a variety of thriving sectors. The area shows potential in innovation and business scale-ups, although there is a noticeable gender gap in entrepreneurship that could be addressed for further growth.

Company foundations and cessations over time

Active companies over time

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