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

Analysis Report: Economic and Business Activity in Worcester


Worcester’s economy is characterised by a diverse range of sectors with a total employment of 62,607. The city has seen notable growth in several sectors, particularly in professional, scientific, technical, and administrative support services. This diversity indicates a robust economic base with potential for further expansion.

Employment and Business Growth

  • Total Employees: 62,607
    • Analysis: Worcester’s workforce is substantial, indicating a strong employment base. The growth in employment numbers (8.23%) suggests an expanding job market, likely driven by the city’s diverse economic sectors.
  • Employee Growth Rate: 8.23%
    • Analysis: This growth rate is indicative of a healthy economy, likely fuelled by sector diversification and new business development.
  • Top Growing Sectors:
    • Analysis: The top-growing sectors like ‘Takeaways’, ‘Consumer estate agency services’, ‘Waste management services’, ‘Insurance services’, and ‘Internet platform’ show a trend towards service-oriented businesses, reflecting changing consumer preferences and technological advancements.

Sector Dynamics

  • Top Sectors by Company Numbers: Professional and technical activities, Administrative services, Wholesale and retail trade, Construction, and Real Estate.
    • Analysis: These sectors form the backbone of Worcester’s economy, showing a balance between traditional industries like construction and modern services like IT.
  • Sector Raisers: Particularly notable growth in niche sectors such as takeaways, estate agency, and waste management.
    • Analysis: This growth highlights adaptive business strategies in response to market demands and may indicate emerging opportunities for entrepreneurs and investors.

Business Continuity

  • Company Cessations: 775
    • Analysis: While this figure suggests some business closures, it’s important to view it in the context of the total number of companies (6,073) and new companies (858). The data implies a dynamic business environment with ongoing renewal.


Worcester’s economic landscape is marked by a strong and diverse employment base, growth in modern service sectors, and a dynamic business environment. The city shows resilience and adaptability, with potential for continued economic 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.