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

Analysis Report: Economic and Business Activity in Winchester


Winchester’s economic landscape exhibits a dynamic mix of sectors with a significant presence in professional, scientific, technical, and retail trade activities. The city has seen notable business growth, albeit with a stagnant IPO market. Employment trends are positive, with an increase in total employees and a notable proportion of companies reporting employee growth.

Employment and Business Growth

  • Total Employees: 175,736. The city shows a healthy employment rate with a diverse range of sectors contributing to job creation.
  • Employee Growth: A 10.27% growth in employment signifies a thriving job market. This growth is supported by 113 companies reporting an increase in their workforce.

Sector Analysis

  • Top Sectors: The leading sectors include professional, scientific, and technical activities (18.42% of companies), retail trade (17.57%), and information and communication (10.5%). This diversity suggests a balanced economic structure with strengths in both traditional and modern industries.
  • Sectors Showing Most Growth: Sectors like Internet platforms and e-commerce are among the fastest-growing, indicating a shift towards digitalisation and the expanding role of technology in the city’s economy.

Business Continuity

  • Company Cessations: With 1,283 companies ceasing operations, there is a need to analyse factors affecting business sustainability in Winchester.

Entrepreneurship and Innovation

  • New Companies: 2,340 new companies in the last two years, and 1,242 newly established, reflecting a vibrant entrepreneurial ecosystem.
  • Scaleups: 75 scaleups indicate a promising environment for business expansion.
  • Patent Owners and Fundraisings: With 223 patent owners and 17 fundraisings, the city demonstrates a focus on innovation and investment in new ideas.

Diversity and Leadership

  • Founders Gender: 17.18% female founders and 80.98% male founders, suggesting a gender gap in entrepreneurship.
  • Directors Gender: A higher proportion of female directors (27.22%) compared to founders, yet still a gender disparity in leadership positions.

Company Age and Spinouts

  • Young Companies with Young Directors: 312 companies with young directors show a trend towards youthful leadership.
  • Spinouts: No significant activity in spinouts, indicating potential areas for growth in academic or corporate spin-offs.


Winchester presents a robust economic environment with strong growth in employment and business diversity. The city’s tilt towards technology and digital sectors suggests a modernising economy. However, challenges in business continuity and a gender gap in entrepreneurship and leadership highlight areas needing attention. The absence of IPOs and spinouts suggests potential untapped areas in capital markets and innovation transfer.

Company foundations and cessations over time

Active companies over time

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