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GrowthDashboardJune 2015
GROWTH DASHBOARD
GROWTH DASHBOARD 3
IntroductionThe Growth Dashboard has been developed by a partnership between the Enterprise Research Centre (ERC) and the Business Growth Service, and builds on the LEP Growth Dashboard first launched in June 2014. Its purpose this year is to present a set of growth metrics for start-ups and existing firms across a range of sub-national geographies in the UK ranging from the Home Nations, City-Regions and each of the 39 English Local Enterprise Partnership (LEP) areas. For England we are also able to set these metrics alongside the key barriers to growth flagged by businesses in a range of locations who are seeking to grow and have become a participant in GrowthAccelerator, now part of the Business Growth Service.
The Dashboard can be used as a source of evidence to inform discussions on priorities in business support and includes easily understood metrics which can be readily updated on an annual basis. We also provide some trend analysis (since 2009) for two of the metrics related to ‘scale-up’, to provide underlying evidence of progress in these metrics at the local level.
The metrics which are used in the Dashboard are1:• Proportion of fast-growing firms in the business
population (2011-14) • Net job creation ratios for 2013-14• 3-year survival rates of start-ups (2011-14)• Proportion of surviving start-ups that reach £1m T/O (2011-
14)• Proportion of existing £1-2m T/O businesses which grow to
£3m T/O (2011-14)
Data SourcesThe dataset used in the production of the growth and start-up data is the Business Structure Database (BSD). This is a dataset produced by the Office of National Statistics (ONS) and is an annual snapshot of the Inter-Departmental Business Register (IDBR) which is a live register of data collected by HM Revenue and Customs via VAT and Pay as You Earn (PAYE) records2. The IDBR data are complemented with data from ONS business surveys. If a business is liable for VAT (turnover exceeds the VAT threshold) and/or has at least one member of staff registered for the PAYE tax collection system, then the business will appear on the IDBR (and hence in the BSD). We use the firm-level BSD for start-ups, survival and existing businesses and the site-level BSD for the calculation of firm growth rates and net new jobs.
The dataset used in the production of the barriers to growth data has been provided by the Business Growth Service based on their diagnostics of client needs at the start of their customer journey with GrowthAccelerator. The GrowthAccelerator data on barriers to growth was extracted for over 23,000 clients in May 2015 and covers the period April 2012 – March 2015.
The structure of this report is as follows:• Growth metrics for the UK Home Nations, City-Regions and
the LEP areas in England• Barriers facing GrowthAccelerator clients in English City-
Regions and the LEP areas of England• Individual set of enterprise and growth metrics for the
English LEPs
1 Metric Definitions: Fast Growth is defined as annualised average growth in employment of 20% or more over a three year period (2011-14); Net Jobs refers to the total number of jobs created in a one year period (2013-14) minus the total number of jobs destroyed in a one year period (2013-14); Net Job Creation Ratio is defined as net jobs (2013-2014)/opening year jobs (2013-2014); Start-up is defined as a UK-owned employer firm born in 2014; Start-ups growing to £1m turnover refer to UK-owned firms born in 2011 whose turnover reached at least £1m in 2014; Firms growing to £3m turnover refer to UK-owned firms born prior to 2011 that survived to 2014, whose turnover grew from £1-2m in 2011 to at least £3m in 2014.
2 Note: Some of the UK statistical data used in this Growth Dashboard is from the ONS and is Crown copyright and reproduced with the permission of the controller of HMSO and the Queen’s Printer for Scotland. The use of the ONS statistical data in this work does not imply the endorsement of the ONS in relation to the interpretation or analysis of the statistical data.
Growth Metrics
GROWTH DASHBOARD 4
Fast-Growing Firms
Across the UK and within the Home Nations there is a wide variation in the proportion of fast-growing businesses (Figures 1a and 1b). Overall, Scotland and England have the highest proportions of fast-growing businesses with Northern Ireland having the lowest in the period 2011-14. Within each of the Home Nations there is a variation in the proportion of fast-growing businesses across local areas with no clear pattern in the types of regions which dominate.
Scotland, South and North Lanarkshire have the highest proportion of fast-growing firms, just slightly behind London which at 18.6% has the highest proportion out of any location in the UK. Glasgow and Edinburgh both have above average proportions of fast-growing firms.
London dominates in England but there are a number of places with above average proportions of fast-growing firms and these include some areas in the south-east such as Oxfordshire and Thames Valley. However, Leicester and Leicestershire, Greater Birmingham and Solihull, Northampton and South East Midlands LEP areas as well as Greater Manchester, Liverpool and Leeds City Region LEPs demonstrate that some of the fastest growing businesses in the UK are delivering jobs and revenues as well as wealth for their owners outside London and the South East.
Using a more precise definition of cities (i.e., Primary Urban Areas – PUAs) in England confirms this pattern of cities in the Midlands and the North providing locations where we find above average proportions of fast-growing firms (Figure 2). Here Leicester is on a par with London, with Liverpool, Birmingham, Leeds and Manchester closely behind.
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Source: ONS Business Structure Database (BSD)
GROWTH DASHBOARD 5
Figure 1a: Proportion of Fast-Growing Businesses (Local Units) in the UK Home Nations and Local Areas (2011-14)Wales, Scotland and Northern Ireland
Figure 1b: Proportion of Fast-Growing Businesses (Local Units) in the UK Home Nations and Local Areas (2011-14)England
Source: ONS Business Structure Database (BSD)
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GROWTH DASHBOARD 6
Growth of Start-ups – Initial Scaling
It is a matter of record that the UK now has the highest number of start-ups than ever before yet what is less well known is the proportion, if they survive, that go on an generate at least £1m in revenues after three years. Figure 3 shows that the proportion of start-ups that achieve this early indication of ‘scale’ is very small indeed (around 6% nationally) but that it does vary between the Home Nations and across local economic areas.
Overall, Northern Ireland has the highest proportion of start-ups reaching at least £1m turnover within three years which is a much higher level than in Scotland and Wales and many of the local areas in England. In particular, Belfast, West and South NI and North NI have the highest rates of any other local area in the UK at around 10-11%.
In England there are 11 local areas (i.e., LEPs) with above average rates of start-ups showing early signs of scaling. London tops the list but the local area of Birmingham is close behind, as are the local areas of North East (including Newcastle, Leeds, Manchester and Sheffield). The only other southern local area to record above average rates of start-ups scaling is Greater Cambridge and Peterborough. Local areas, with cities at their core, are economies which are conducive to getting a start-up over that initial threshold as it seeks to grow and this is especially the case for cities in the north.
Using data for some of the Primary Urban Areas reveals a broadly similar pattern but not all cities are locations of higher than average initial scaling of start-ups (Figure 4). More start-ups in some northern cities achieve at least £1m turnover within their first 3 years compared to their counterparts in cities in the East Midlands and Southampton.
Figure 3: Proportion of surviving start-ups in 2011 reaching £1m Turnover by 2014 in UK Home Nations and Local Areas
Source: ONS Business Structure Database (BSD)
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Figure 4: Proportion of surviving start-ups in 2011 reaching £1m Turnover by 2014 in Selected PUAs in England
Source: ONS Business Structure Database (BSD)
Growth of Existing Businesses - Stepping Up
Across the UK we observe that around 6% of existing firms with turnover of £1-2m per annum in 2011 grow to at least £3m turnover in 2014. This further indication of businesses scaling varies greatly across the UK with the three Home Nations of Scotland (except the North Eastern sub-region), Wales and Northern Ireland having lower proportions of these businesses than most areas in England.
Within England there is a much more complex pattern. Although Thames Valley has the highest proportion of these businesses (8.7%) and London the second highest this is not a simple north-south pattern. Following these two areas we find above average proportions of these ‘scaling’ businesses in the North and the Midlands such as Tees Valley and Greater Birmingham and Solihull.
Again this is confirmed when we look at some of the cities across England (Figure 6). Middlesbrough tops London but we also observe Derby having above average proportion of these scaling businesses.
Figure 5: Firms (born<2011) turnover £1-2m in 2011 and reaching £3m in 2014 by UK Home Nations and Local Areas in England
Source: ONS Business Structure Database (BSD)
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Figure 6: Firms (born<2011) turnover £1-2m in 2011 and reaching £3m in 2014 by Selected PUAs in England
Source: ONS Business Structure Database (BSD)
GROWTH DASHBOARD 7
Figure 7: Proportion of Firms Reporting Strategy and Management as a Barrier to Growth in Selected PUAs in England
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Source: GrowthAccelerator Diagnostic
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Figure 8: Proportion of Firms Reporting Skills and Staff as a Barrier to Growth in Selected PUAs in England
Skills and Staff
Source: GrowthAccelerator Diagnostic
GrowthAccelerator clients in England in the period April 2012 to March 2015 reported that the main barriers to their growth were Strategy and Management (53%), Skills and Staff (39%), Sales and Marketing (38%) and Finance (27%)3. Fewer firms reported that Innovation (10%), Competition and External Constraints (9%), Retention of Staff (5%), Premises and Infrastructure (4%) and Salaries (2%) were significant barriers to their growth.
However, to what extent do these barriers vary depending on location across England? We look at how the four main barriers to growth vary across selected Primary Urban Areas (PUAs) and the English LEPs. Figure 7 shows that Strategy and Management is cited as more of a barrier to growth in cities in the Midlands than in more northern cities, as well as in London and Southampton.
Skills and Staff are more likely to be identified as a barrier to growth in three of the cities in the Midlands as well as London and Southampton (Figure 8). In this case we see more businesses in these cities in the South and the Midlands reporting this compared to more northern cities.
Figure 9 shows that more businesses in the four Midlands cities, and especially in Birmingham, report that Sales and Marketing is a major barrier to their growth compared to cities elsewhere in England.
Barriers to Growth
3 Firms were able to report more than one barrier.
GROWTH DASHBOARD 8
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Figure 9: Proportion of Firms Reporting Sales and Marketing as a Barrier to Growth in Selected PUAs in England
Figure 10: Proportion of Firms Reporting Finance as a Barrier to Growth in Selected PUAs in England
Sales and Marketing
Finance
Source: GrowthAccelerator Diagnostic
Source: GrowthAccelerator Diagnostic
Finance is the fourth most important barrier to growth identified and this too varies across English cities (Figure 10). While of less importance to businesses in the East Midlands cities of Derby and Nottingham, it is significantly more important to business in the two North East cities of Sunderland and Newcastle as well as Southampton.
We will look in more detail at the variation in the reporting of these barriers to growth by businesses when we present data on each of the individual LEPs. Below we provide summary data on each of the four main barriers to growth by LEP area (Figures 11-14). The main points to emerge are as follows:
• Strategy and Management is the main barrier to growth for around three-quarters of businesses in the Midlands
• Skills and Staff is a significant barrier to growth for
around half of businesses in the more rural LEPs with the exception of London.
• Sales and Marketing is reported as a major barrier to growth by just under two-thirds of businesses in the Midlands
• Finance is a barrier to growth for around a quarter of all businesses but this rises to two out of five businesses in more some of the more rural LEPs (Cornwall; West of England; Humber)
GROWTH DASHBOARD 9
Figure 11: Proportion of Firms Reporting Strategy and Management as a Barrier to Growth in LEPs
Figure 13: Proportion of Firms Reporting Sales and Marketing as a Barrier to Growth in LEPs
Figure 12: Proportion of Firms Reporting Skills and Staff as a Barrier to Growth in LEPs
Figure 14: Proportion of Firms Reporting Finance as a Barrier to Growth in LEPs
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
En
gla
nd
Hu
mb
erYo
rk a
nd
No
rth
Yo
rksh
ire
Sw
ind
on
an
d W
iltsh
ire
Tees
Val
ley
Glo
uce
ster
shir
eO
xfo
rdsh
ire
Lee
ds
Cit
y R
egio
nS
ole
nt
Do
rset
Lan
cash
ire
Wes
t of
En
gla
nd
Th
ames
Val
ley
Ber
ksh
ire
Co
rnw
all a
nd
th
e Is
les
of S
cilly
So
uth
Eas
tE
nte
rpri
se M
3C
oas
t to
Cap
ital
No
rth
Eas
tN
ew A
ng
liaH
eart
of
the
So
uth
Wes
tL
on
do
nH
ertf
ord
shir
eC
um
bri
aL
iver
po
ol C
ity
Reg
ion
Bu
ckin
gh
amsh
ire
Th
ames
Val
ley
Sh
effi
eld
Cit
y R
egio
nC
hes
hir
e an
d W
arri
ng
ton
Gre
ater
Man
ches
ter
Gre
ater
Cam
bri
dg
e &
Gre
ater
Pet
erb
oro
ug
hC
oven
try
and
War
wic
ksh
ire
Wo
rces
ters
hir
eS
ou
th E
ast
Mid
lan
ds
Gre
ater
Lin
coln
shir
eT
he
Mar
ches
Sto
ke-o
n-T
ren
t an
d S
taff
ord
shir
eG
reat
er B
irm
ing
ham
an
d S
olih
ull
Der
by, D
erby
shir
e, N
ott
ing
ham
an
d N
ott
ing
ham
shir
eL
eice
ster
an
d L
eice
ster
shir
eB
lack
Co
un
try
No
rth
amp
ton
shir
e
0%
10%
20%
30%
40%
50%
60%
70%
En
gla
nd
Hu
mb
erYo
rk a
nd
No
rth
Yo
rksh
ire
Tees
Val
ley
Co
rnw
all a
nd
th
e Is
les
of S
cilly
Lee
ds
Cit
y R
egio
nG
lou
cest
ersh
ire
Hea
rt o
f th
e S
ou
th W
est
Do
rset
Gre
ater
Cam
bri
dg
e &
Gre
ater
Pet
erb
oro
ug
hN
ew A
ng
liaN
ort
h E
ast
So
len
tG
reat
er M
anch
este
rS
win
do
n a
nd
Wilt
shir
eE
nte
rpri
se M
3L
anca
shir
eW
est
of E
ng
lan
dO
xfo
rdsh
ire
LE
PS
ou
th E
ast
Lo
nd
on
Co
ast
to C
apit
alT
he
Mar
ches
Sh
effi
eld
Cit
y R
egio
nH
ertf
ord
shir
eT
ham
es V
alle
y B
erks
hir
eC
oven
try
and
War
wic
ksh
ire
Gre
ater
Lin
coln
shir
eD
erby
, Der
bysh
ire,
No
ttin
gh
am a
nd
No
ttin
gh
amsh
ire
Bu
ckin
gh
amsh
ire
Th
ames
Val
ley
Wo
rces
ters
hir
eL
iver
po
ol C
ity
Reg
ion
Cu
mb
ria
Gre
ater
Bir
min
gh
am a
nd
So
lihu
llC
hes
hir
e an
d W
arri
ng
ton
So
uth
Eas
t M
idla
nd
sL
eice
ster
an
d L
eice
ster
shir
eS
toke
-on
-Tre
nt
and
Sta
ffo
rdsh
ire
Bla
ck C
ou
ntr
yN
ort
ham
pto
nsh
ire
0%
10%
20%
30%
40%
50%
60%
En
gla
nd
Liv
erp
oo
l Cit
y R
egio
nH
um
ber
Gre
ater
Man
ches
ter
Th
e M
arch
esW
orc
este
rsh
ire
Lee
ds
Cit
y R
egio
nL
eice
ster
an
d L
eice
ster
shir
eN
ort
ham
pto
nsh
ire
York
an
d N
ort
h Y
ork
shir
eN
ort
h E
ast
Sh
effi
eld
Cit
y R
egio
nS
ou
th E
ast
Mid
lan
ds
Wes
t of
En
gla
nd
Bu
ckin
gh
amsh
ire
Th
ames
Val
ley
So
uth
Eas
tS
win
do
n a
nd
Wilt
shir
eC
hes
hir
e an
d W
arri
ng
ton
Co
rnw
all a
nd
th
e Is
les
of S
cilly
Oxf
ord
shir
eG
lou
cest
ersh
ire
Do
rset
Tees
Val
ley
Cov
entr
y an
d W
arw
icks
hir
eS
ole
nt
New
An
glia
Co
ast
to C
apit
alS
toke
-on
-Tre
nt
and
Sta
ffo
rdsh
ire
Gre
ater
Bir
min
gh
am a
nd
So
lihu
llH
ertf
ord
shir
eE
nte
rpri
se M
3D
erby
, Der
bysh
ire,
No
ttin
gh
am a
nd
No
ttin
gh
amsh
ire
Th
ames
Val
ley
Ber
ksh
ire
Hea
rt o
f th
e S
ou
th W
est
Gre
ater
Cam
bri
dg
e &
Gre
ater
Pet
erb
oro
ug
hL
on
do
nB
lack
Co
un
try
Gre
ater
Lin
coln
shir
eL
anca
shir
eC
um
bri
a
0%
10%
20%
30%
40%
50%
60%
En
gla
nd
Th
e M
arch
esW
orc
este
rsh
ire
Der
by, D
erby
shir
e, N
ott
ing
ham
an
d N
ott
ing
ham
shir
eS
toke
-on
-Tre
nt
and
Sta
ffo
rdsh
ire
No
rth
amp
ton
shir
eC
hes
hir
e an
d W
arri
ng
ton
Sh
effi
eld
Cit
y R
egio
nL
eice
ster
an
d L
eice
ster
shir
eG
reat
er M
anch
este
rG
reat
er B
irm
ing
ham
an
d S
olih
ull
Lee
ds
Cit
y R
egio
nC
oven
try
and
War
wic
ksh
ire
So
uth
Eas
t M
idla
nd
sB
lack
Co
un
try
Liv
erp
oo
l Cit
y R
egio
nC
um
bri
aN
ew A
ng
liaG
reat
er L
inco
lnsh
ire
Lan
cash
ire
Hea
rt o
f th
e S
ou
th W
est
Tees
Val
ley
En
terp
rise
M3
York
an
d N
ort
h Y
ork
shir
eD
ors
etS
ou
th E
ast
Her
tfo
rdsh
ire
Gre
ater
Cam
bri
dg
e &
Gre
ater
Pet
erb
oro
ug
hS
ole
nt
Bu
ckin
gh
amsh
ire
Th
ames
Val
ley
Oxf
ord
shir
eL
on
do
nN
ort
h E
ast
Co
ast
to C
apit
alG
lou
cest
ersh
ire
Sw
ind
on
an
d W
iltsh
ire
Th
ames
Val
ley
Ber
ksh
ire
Hu
mb
erW
est
of E
ng
lan
dC
orn
wal
l an
d t
he
Isle
s of
Sci
lly
Strategy and Management Sales and Marketing
Skills and Staff Finance
Source: GrowthAccelerator Diagnostic Source: GrowthAccelerator Diagnostic
Source: GrowthAccelerator Diagnostic Source: GrowthAccelerator Diagnostic
GROWTH DASHBOARD 10
What the data show is a complex LEP geography which provides a challenge to some of the preconceptions held about the ‘hotspots’ of growth across England while confirming others.
London dominates on our preferred start-up measure (i.e., employer start-ups per 10,000 population, Figure 15) with above averages rates found in two other south east LEP areas - Hertfordshire and Thames Valley Berkshire. However, in the top ten LEPs the Midlands is strongly represented with South East Midlands, Coventry and Warwickshire and Northamptonshire featuring alongside more northern and western LEPs – Cheshire and Warrington and West of England LEPs. Greater Birmingham and Solihull and Leeds City Region are in the bottom five LEP areas.
Across England there is relatively little variation in the share of start-ups in 2013 that survive to 2014 (Figure 16), with just four percentage points difference in the top 15 LEPs. However, despite a high start-up rate, London occupies a position in the bottom ten for survival rates of start-ups alongside Leeds City Region, Greater Manchester and Greater Birmingham and Solihull. In these areas only one out of two start-ups survive three years. LEPs with the highest survival rates are to be found in the south east and south west of England.
Despite the relatively poor survival rates these same four LEPs are all above average in relation to start-ups that reach £1m turnover (Figure 17) in three years. London and Birmingham occupy the top two positions with city-based LEPs in the North of England all performing quite strongly; in contrast, rural areas dominate the lower end.
After London and Oxfordshire, those LEPs with well above average proportions of fast-growing firms (2011-14) (Figure 18) are primarily found in the Midlands – Leicester and Leicestershire, Northamptonshire, South East Midlands and Greater Birmingham and Solihull – and the northern city-based LEPs of Liverpool, Manchester and Leeds.
Looking at the growth of existing businesses in terms of revenue (moving from £1-2m to at least £3m, Figure 19), we find Thames Valley Berkshire and London perform strongest. Tees Valley has the third highest rate and Greater Birmingham and Solihull and Greater Manchester are both in the top 10 LEP areas.
Turning to net job creation (Figure 20) we find Hertfordshire and Buckinghamshire have the highest ratios above London in third place. There is then a mix of LEP areas recording above average net job creation rations from Derby, Derbyshire, Nottingham and Nottinghamshire, Coventry and Warwickshire and South East Midlands LEPs in the Midlands to more northern LEPs – Leeds City Region and York, North Yorkshire and East Riding. Interestingly, Thames Valley and Tees Valley have net job creation ratios 50% less than the average in England.
Figure 16: Survival Rates
0%
10%
20%
30%
40%
50%
60%
70%
En
gla
nd
Liv
erp
oo
l Cit
y R
egio
nH
um
ber
Gre
ater
Bir
min
gh
am a
nd
So
lihu
llTe
es V
alle
yB
lack
Co
un
try
Gre
ater
Man
ches
ter
Lan
cash
ire
Lo
nd
on
Lee
ds
Cit
y R
egio
nN
ort
h E
ast
Gre
ater
Lin
coln
shir
eN
ort
ham
pto
nsh
ire
Sh
effi
eld
Cit
y R
egio
nS
toke
-on
-Tre
nt
and
Sta
ffo
rdsh
ire
Do
rset
Cu
mb
ria
Der
by, D
erby
shir
e, N
ott
ing
ham
an
d N
ott
ing
ham
shir
eL
eice
ster
an
d L
eice
ster
shir
eS
ole
nt
So
uth
Eas
t M
idla
nd
sH
eart
of
the
So
uth
Wes
tS
ou
th E
ast
Th
e M
arch
esH
ertf
ord
shir
eC
hes
hir
e an
d W
arri
ng
ton
Cov
entr
y an
d W
arw
icks
hir
eW
orc
este
rsh
ire
Co
ast
to C
apit
alG
reat
er C
amb
rid
ge
& G
reat
er P
eter
bo
rou
gh
New
An
glia
York
, No
rth
Yo
rksh
ire
and
Eas
t R
idin
gO
xfo
rdsh
ire
En
terp
rise
M3
Glo
uce
ster
shir
eT
ham
es V
alle
y B
erks
hir
eW
est
of E
ng
lan
dS
win
do
n a
nd
Wilt
shir
eB
uck
ing
ham
shir
e T
ham
es V
alle
yC
orn
wal
l an
d Is
les
of S
cilly
Source: ONS Business Structure Database (BSD)
Figure 15: Start-ups per 10,000 pop
0
10
20
30
40
50
60
70
80
90
100
En
gla
nd
Hu
mb
erG
reat
er C
amb
rid
ge
& G
reat
er P
eter
bo
rou
gh
York
, No
rth
Yo
rksh
ire
and
Eas
t R
idin
gG
reat
er B
irm
ing
ham
an
d S
olih
ull
Lee
ds
Cit
y R
egio
nS
hef
fiel
d C
ity
Reg
ion
Der
by, D
erby
shir
e, N
ott
ing
ham
an
d N
ott
ing
ham
shir
eN
ort
h E
ast
Hea
rt o
f th
e S
ou
th W
est
Sto
ke-o
n-T
ren
t an
d S
taff
ord
shir
eO
xfo
rdsh
ire
Bla
ck C
ou
ntr
yTe
es V
alle
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ew A
ng
liaL
anca
shir
eC
orn
wal
l an
d Is
les
of S
cilly
Th
e M
arch
esB
uck
ing
ham
shir
e T
ham
es V
alle
yW
orc
este
rsh
ire
Liv
erp
oo
l Cit
y R
egio
nC
oas
t to
Cap
ital
So
len
tE
nte
rpri
se M
3C
um
bri
aD
ors
etG
reat
er L
inco
lnsh
ire
Sw
ind
on
an
d W
iltsh
ire
Lei
cest
er a
nd
Lei
cest
ersh
ire
Gre
ater
Man
ches
ter
So
uth
Eas
tG
lou
cest
ersh
ire
Wes
t of
En
gla
nd
No
rth
amp
ton
shir
eC
oven
try
and
War
wic
ksh
ire
So
uth
Eas
t M
idla
nd
sC
hes
hir
e an
d W
arri
ng
ton
Th
ames
Val
ley
Ber
ksh
ire
Her
tfo
rdsh
ire
Lo
nd
on
Source: ONS Business Structure Database (BSD)
GROWTH DASHBOARD 11
Individual LEP Profiles
GROWTH DASHBOARD 12
Figure 17: Start-ups - Initial Scaling
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
En
gla
nd
Cu
mb
ria
Sw
ind
on
an
d W
iltsh
ire
Th
e M
arch
esW
est
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ng
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dYo
rk, N
ort
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ork
shir
e an
d E
ast
Rid
ing
Co
ast
to C
apit
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xfo
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ire
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ire
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ley
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rt o
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est
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rces
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ire
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ckin
gh
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ire
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ames
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ley
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len
tH
ertf
ord
shir
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erby
, Der
bysh
ire,
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ttin
gh
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nd
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ttin
gh
amsh
ire
Sto
ke-o
n-T
ren
t an
d S
taff
ord
shir
eS
ou
th E
ast
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lan
ds
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rnw
all a
nd
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s of
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llyH
um
ber
So
uth
Eas
tT
ham
es V
alle
y B
erks
hir
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ors
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ew A
ng
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lack
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un
try
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entr
y an
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arw
icks
hir
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ort
ham
pto
nsh
ire
Liv
erp
oo
l Cit
y R
egio
nC
hes
hir
e an
d W
arri
ng
ton
Gre
ater
Lin
coln
shir
eS
hef
fiel
d C
ity
Reg
ion
Lan
cash
ire
Gre
ater
Man
ches
ter
Gre
ater
Cam
bri
dg
e &
Gre
ater
Pet
erb
oro
ug
hL
eed
s C
ity
Reg
ion
No
rth
Eas
tG
reat
er B
irm
ing
ham
an
d S
olih
ull
Lo
nd
on
Figure 19: Existing Business Scaling
0%
1%
2%
3%
4%
5%
6%
7%
8%
9%
10%
En
gla
nd
Cu
mb
ria
Co
rnw
all a
nd
Isle
s of
Sci
llyH
eart
of
the
So
uth
Wes
tS
ole
nt
York
, No
rth
Yo
rksh
ire
and
Eas
t R
idin
gS
win
do
n a
nd
Wilt
shir
eL
iver
po
ol C
ity
Reg
ion
Gre
ater
Cam
bri
dg
e &
Gre
ater
Pet
erb
oro
ug
hN
ew A
ng
liaC
oas
t to
Cap
ital
Bla
ck C
ou
ntr
yS
ou
th E
ast
Sto
ke-o
n-T
ren
t an
d S
taff
ord
shir
eL
anca
shir
eG
reat
er L
inco
lnsh
ire
No
rth
Eas
tH
um
ber
Do
rset
Lei
cest
er a
nd
Lei
cest
ersh
ire
Ch
esh
ire
and
War
rin
gto
nS
ou
th E
ast
Mid
lan
ds
Wes
t of
En
gla
nd
Her
tfo
rdsh
ire
Bu
ckin
gh
amsh
ire
Th
ames
Val
ley
Th
e M
arch
esN
ort
ham
pto
nsh
ire
Lee
ds
Cit
y R
egio
nD
erby
, Der
bysh
ire,
No
ttin
gh
am a
nd
No
ttin
gh
amsh
ire
Oxf
ord
shir
eS
hef
fiel
d C
ity
Reg
ion
Cov
entr
y an
d W
arw
icks
hir
eG
reat
er M
anch
este
rG
lou
cest
ersh
ire
Wo
rces
ters
hir
eG
reat
er B
irm
ing
ham
an
d S
olih
ull
En
terp
rise
M3
Tees
Val
ley
Lo
nd
on
Th
ames
Val
ley
Ber
ksh
ire
Figure 18: Fast-Growing Firms
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
20%
En
gla
nd
Cu
mb
ria
Ch
esh
ire
and
War
rin
gto
nN
ew A
ng
liaG
reat
er L
inco
lnsh
ire
Wo
rces
ters
hir
eD
ors
etL
anca
shir
eG
reat
er C
amb
rid
ge
& G
reat
er P
eter
bo
rou
gh
York
, No
rth
Yo
rksh
ire
and
Eas
t R
idin
gD
erby
, Der
bysh
ire,
No
ttin
gh
am a
nd
No
ttin
gh
amsh
ire
Hea
rt o
f th
e S
ou
th W
est
Cov
entr
y an
d W
arw
icks
hir
eTe
es V
alle
yH
um
ber
En
terp
rise
M3
Glo
uce
ster
shir
eS
ole
nt
Sw
ind
on
an
d W
iltsh
ire
Sh
effi
eld
Cit
y R
egio
nT
he
Mar
ches
No
rth
Eas
tS
toke
-on
-Tre
nt
and
Sta
ffo
rdsh
ire
Bu
ckin
gh
amsh
ire
Th
ames
Val
ley
Bla
ck C
ou
ntr
yW
est
of E
ng
lan
dC
orn
wal
l an
d Is
les
of S
cilly
Her
tfo
rdsh
ire
Co
ast
to C
apit
alS
ou
th E
ast
Lee
ds
Cit
y R
egio
nL
iver
po
ol C
ity
Reg
ion
So
uth
Eas
t M
idla
nd
sG
reat
er M
anch
este
rG
reat
er B
irm
ing
ham
an
d S
olih
ull
Th
ames
Val
ley
Ber
ksh
ire
No
rth
amp
ton
shir
eL
eice
ster
an
d L
eice
ster
shir
eO
xfo
rdsh
ire
Lo
nd
on
Figure 20: Net Job Creation
-4%
-2%
0%
2%
4%
6%
8%
En
gla
nd
Ch
esh
ire
and
War
rin
gto
nB
lack
Co
un
try
Lei
cest
er a
nd
Lei
cest
ersh
ire
Wes
t of
En
gla
nd
Wo
rces
ters
hir
eH
um
ber
Sw
ind
on
an
d W
iltsh
ire
Th
ames
Val
ley
Ber
ksh
ire
Tees
Val
ley
Gre
ater
Cam
bri
dg
e &
Gre
ater
Pet
erb
oro
ug
hT
he
Mar
ches
So
uth
Eas
tN
ew A
ng
liaH
eart
of
the
So
uth
Wes
tS
toke
-on
-Tre
nt
and
Sta
ffo
rdsh
ire
Lan
cash
ire
Liv
erp
oo
l Cit
y R
egio
nN
ort
ham
pto
nsh
ire
Cu
mb
ria
Gre
ater
Lin
coln
shir
eD
ors
etS
ole
nt
En
terp
rise
M3
No
rth
Eas
tC
oas
t to
Cap
ital
Gre
ater
Bir
min
gh
am a
nd
So
lihu
llS
hef
fiel
d C
ity
Reg
ion
Gre
ater
Man
ches
ter
Glo
uce
ster
shir
eC
orn
wal
l an
d Is
les
of S
cilly
York
, No
rth
Yo
rksh
ire
and
Eas
t R
idin
gL
eed
s C
ity
Reg
ion
So
uth
Eas
t M
idla
nd
sO
xfo
rdsh
ire
Cov
entr
y an
d W
arw
icks
hir
eD
erby
, Der
bysh
ire,
No
ttin
gh
am a
nd
No
ttin
gh
amsh
ire
Lo
nd
on
Bu
ckin
gh
amsh
ire
Th
ames
Val
ley
Her
tfo
rdsh
ire
Source: ONS Business Structure Database (BSD)
Source: ONS Business Structure Database (BSD)
Source: ONS Business Structure Database (BSD)
Source: ONS Business Structure Database (BSD)
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Black Country
England
Black Country
CONTEXT• Population: 1,152,500
• Private Sector Jobs: 311,414
• Businesses: 29,542
START-UPS• 4,009 new registered
employer businesses in 2014 – 35 per 10,000 population
• 3-year survival rate (2011 start-ups): 52.9% survived to 2014
• 6.1% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 15.5% fast-growing
firms – 2011-2014
• Net Jobs: -498 (2014)
• Net Job Creation Ratio: -0.2% (2014)
• 5.8% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH HUB STATUS:LIVE – June 2014
GROWTH DASHBOARD 13
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Black Country
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
£1m turnover start-ups in three years : 2009-2014
0%
1%
2%
3%
4%
5%
6%
7%
8%
Black Country
England
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
Buckinghamshire Thames Valley
England
Buckinghamshire Thames Valley
CONTEXT• Population: 516,100
• Private Sector Jobs: 259,189
• Businesses: 28,568
START-UPS• 1,965 new registered
employer businesses in 2014 – 38 per 10,000 population
• 3-year survival rate (2011 start-ups): 61.5% survived to 2014
• 5.4% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 15.5% fast-growing
firms – 2011-2014
• Net Jobs: 14,610 (2014)
• Net Job Creation Ratio: 6% (2014)
• 6.7% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 14
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Buckinghamshire Thames Valley
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Buckinghamshire Thames Valley
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – February 2014
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
Cheshire and Warrington
England
Cheshire and Warrington
CONTEXT• Population: 908,800
• Private Sector Jobs: 344,488
• Businesses: 41,898
START-UPS• 4,852 new registered
employer businesses in 2014 – 53 per 10,000 population
• 3-year survival rate (2011 start-ups): 57.7% survived to 2014
• 6.4% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 13.3% fast-growing
firms – 2011-2014
• Net Jobs: -10,033 (2014)
• Net Job Creation Ratio: -2.8% (2014)
• 6.5% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 15
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Cheshire and Warrington
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Cheshire and Warrington
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:TO BE LAUNCHED – September 2015
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Coast to Capital
England
Coast to Capital
CONTEXT• Population: 1,960,800
• Private Sector Jobs: 543,402
• Businesses: 77,801
START-UPS• 8,032 new registered
employer businesses in 2014 – 41 per 10,000 population
• 3-year survival rate (2011 start-ups): 58.6% survived to 2014
• 4.9% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 15.7% fast-growing
firms – 2011-2014
• Net Jobs: 17,274 (2014)
• Net Job Creation Ratio: 3.3% (2014)
• 5.8% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 16
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Coast to Capital
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Coast to Capital
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – July 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Cornwall and the Isles of Scilly
England
Cornwall and Isles of Scilly
CONTEXT• Population: 543,600
• Private Sector Jobs: 134,390
• Businesses: 22,943
START-UPS• 2,044 new registered
employer businesses in 2014 – 38 per 10,000 population
• 3-year survival rate (2011 start-ups): 61.7% survived to 2014
• 5.7% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 15.6% fast-growing
firms – 2011-2014
• Net Jobs: 5,292 (2014)
• Net Job Creation Ratio: 4.1% (2014)
• 4.6% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 17
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Cornwall and Isles of Scilly
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Cornwall and Isles of Scilly
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:TO BE LAUNCHED – January 2016
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Coventry and Warwickshire
England
Coventry and Warwickshire
CONTEXT• Population: 878,500
• Private Sector Jobs: 287,750
• Businesses: 33,238
START-UPS• 4,290 new registered
employer businesses in 2014 – 49 per 10,000 population
• 3-year survival rate (2011 start-ups): 58% survived to 2014
• 6.1% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 14.7% fast-growing
firms – 2011-2014
• Net Jobs: 14,128 (2014)
• Net Job Creation Ratio: 5.2% (2014)
• 7.3% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 18
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Coventry and Warwickshire
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Coventry and Warwickshire
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – July 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Cumbria
England
Cumbria
CONTEXT• Population: 498,100
• Private Sector Jobs: 153,607
• Businesses: 22,944
START-UPS• 2,166 new registered
employer businesses in 2014 – 43 per 10,000 population
• 3-year survival rate (2011 start-ups): 56.6% survived to 2014
• 2.2% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 13.1% fast-growing
firms – 2011-2014
• Net Jobs: 4,491 (2014)
• Net Job Creation Ratio: 3% (2014)
• 4.2% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 19
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Cumbria
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Cumbria
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – Existing
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Derby, Derbyshire, Nottingham and Nottinghamshire
England
Derby, Derbyshire, Nottingham and Nottinghamshire
CONTEXT• Population: 2,134,600
• Private Sector Jobs: 609,379
• Businesses: 56,300
START-UPS• 6,682 new registered
employer businesses in 2014 – 31 per 10,000 population
• 3-year survival rate (2011 start-ups): 56.8% survived to 2014
• 5.6% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 14.5% fast-growing
firms – 2011-2014
• Net Jobs: 31,336 (2014)
• Net Job Creation Ratio: 5.4% (2014)
• 7% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 20
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Derby, Derbyshire, Nottingham and Nottinghamshire
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Derby, Derbyshire, Nottingham and Nottinghamshire
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – December 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Dorset
England
Dorset
CONTEXT• Population: 754,500
• Private Sector Jobs: 205,193
• Businesses: 30,409
START-UPS• 3,312 new registered
employer businesses in 2014 – 44 per 10,000 population
• 3-year survival rate (2011 start-ups): 56.1% survived to 2014
• 5.9% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 14.5% fast-growing
firms – 2011-2014
• Net Jobs: 6,159 (2014)
• Net Job Creation Ratio: 3.1% (2014)
• 6.2% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 21
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Dorset
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Dorset
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – May 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Enterprise M3
England
Enterprise M3
CONTEXT• Population: 1,654,300
• Private Sector Jobs: 555,000
• Businesses: 69,591
START-UPS• 7,061 new registered
employer businesses in 2014 – 43 per 10,000 population
• 3-year survival rate (2011 start-ups): 59.4% survived to 2014
• 5.1% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 14.9% fast-growing
firms – 2011-2014
• Net Jobs: 16,873 (2014)
• Net Job Creation Ratio: 3.1% (2014)
• 7.8% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 22
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Enterprise M3
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Enterprise M3
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:TO BE LAUNCHED – July 2015
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Gloucestershire
England
Gloucestershire
CONTEXT• Population: 605,700
• Private Sector Jobs: 187,763
• Businesses: 27,334
START-UPS• 2,883 new registered
employer businesses in 2014 – 48 per 10,000 population
• 3-year survival rate (2011 start-ups): 60% survived to 2014
• 5.3% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 14.9% fast-growing
firms – 2011-2014
• Net Jobs: 7,126 (2014)
• Net Job Creation Ratio: 3.9% (2014)
• 7.4% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 23
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Gloucestershire
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Gloucestershire
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – October 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Greater Birmingham and Solihull
England
Greater Birmingham and Solihull
CONTEXT• Population: 1,970,800
• Private Sector Jobs: 594,138
• Businesses: 50,971
START-UPS• 5,689 new registered
employer businesses in 2014 – 29 per 10,000 population
• 3-year survival rate (2011 start-ups): 52.1% survived to 2014
• 7.4% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 16.3% fast-growing
firms – 2011-2014
• Net Jobs: 21,735 (2014)
• Net Job Creation Ratio: 3.8% (2014)
• 7.5% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 24
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Greater Birmingham and Solihull
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Greater Birmingham and Solihull
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:TO BE LAUNCHED – July 2015
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Greater Cambridge and Greater Peterborough
England
Greater Cambridge and Greater Peterborough
CONTEXT• Population: 1,393,400
• Private Sector Jobs: 425,650
• Businesses: 47,763
START-UPS• 3,519 new registered
employer businesses in 2014 – 25 per 10,000 population
• 3-year survival rate (2011 start-ups): 58.8% survived to 2014
• 7% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 14.5% fast-growing
firms – 2011-2014
• Net Jobs: 10,195 (2014)
• Net Job Creation Ratio: 2.5% (2014)
• 5.5% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 25
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Greater Cambridge and Greater Peterborough
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Greater Cambridge and Greater Peterborough
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:TO BE LAUNCHED – June 2015
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Greater Lincolnshire
England
Greater Lincolnshire
CONTEXT• Population: 1,053,000
• Private Sector Jobs: 281,014
• Businesses: 32,487
START-UPS• 4,711 new registered
employer businesses in 2014 – 45 per 10,000 population
• 3-year survival rate (2011 start-ups): 55.3% survived to 2014
• 6.8% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 14.3% fast-growing
firms – 2011-2014
• Net Jobs: 8,246 (2014)
• Net Job Creation Ratio: 3% (2014)
• 6.1% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 26
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Greater Lincolnshire
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Greater Lincolnshire
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:TO BE LAUNCHED – July 2015
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Greater Manchester
England
Greater Manchester
CONTEXT• Population: 2,714,900
• Private Sector Jobs: 833,378
• Businesses: 85,631
START-UPS• 12,605 new registered
employer businesses in 2014 – 46 per 10,000 population
• 3-year survival rate (2011 start-ups): 53.1% survived to 2014
• 6.9% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 16.2% fast-growing
firms – 2011-2014
• Net Jobs: 31,210 (2014)
• Net Job Creation Ratio: 3.9% (2014)
• 7.4% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 27
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Greater Manchester
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Greater Manchester
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – Existing
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Heart of the South West
England
Heart of the South West
CONTEXT• Population: 1,687,400
• Private Sector Jobs: 334,836
• Businesses: 68,667
START-UPS• 5,624 new registered
employer businesses in 2014 – 33 per 10,000 population
• 3-year survival rate (2011 start-ups): 57.3% survived to 2014
• 5.2% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 14.5% fast-growing
firms – 2011-2014
• Net Jobs: 8,132 (2014)
• Net Job Creation Ratio: 2.5% (2014)
• 4.8% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 28
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Heart of the South West
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Heart of the South West
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – June 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Hertfordshire
England
Hertfordshire
CONTEXT• Population: 1,140,700
• Private Sector Jobs: 422,283
• Businesses: 41,781
START-UPS• 7,542 new registered
employer businesses in 2014 – 66 per 10,000 population
• 3-year survival rate (2011 start-ups): 57.5% survived to 2014
• 5.5% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 15.7% fast-growing
firms – 2011-2014
• Net Jobs: 25,065 (2014)
• Net Job Creation Ratio: 6.3% (2014)
• 6.7% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 29
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Hertfordshire
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Hertfordshire
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – March 2015
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Humber
England
Humber
CONTEXT• Population: 922,200
• Private Sector Jobs: 246,295
• Businesses: 23,982
START-UPS• 2,155 new registered
employer businesses in 2014 – 23 per 10,000 population
• 3-year survival rate (2011 start-ups): 51.5% survived to 2014
• 5.8% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 14.7% fast-growing
firms – 2011-2014
• Net Jobs: 4,021 (2014)
• Net Job Creation Ratio: 1.7% (2014)
• 6.1% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 30
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Humber
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Humber
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – June 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Lancashire
England
Lancashire
CONTEXT• Population: 1,468,800
• Private Sector Jobs: 311,001
• Businesses: 48,823
START-UPS• 5,499 new registered
employer businesses in 2014 – 37 per 10,000 population
• 3-year survival rate (2011 start-ups): 53.1% survived to 2014
• 6.9% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 14.5% fast-growing
firms – 2011-2014
• Net Jobs: 7,918 (2014)
• Net Job Creation Ratio: 2.6% (2014)
• 6.1% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 31
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Lancashire
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Lancashire
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – April 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Leeds City Region
England
Leeds City Region
CONTEXT• Population: 2,988,900
• Private Sector Jobs: 912,579
• Businesses: 86,758
START-UPS• 9,170 new registered
employer businesses in 2014 – 31 per 10,000 population
• 3-year survival rate (2011 start-ups): 54.4% survived to 2014
• 7.1% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 16% fast-growing
firms – 2011-2014
• Net Jobs: 39,001 (2014)
• Net Job Creation Ratio: 4.5% (2014)
• 6.8% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 32
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Leeds City Region
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Leeds City Region
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:TO BE LAUNCHED – July 2015
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Leicester and Leicestershire
England
Leicester and Leicestershire
CONTEXT• Population: 995,400
• Private Sector Jobs: 309,321
• Businesses: 36,855
START-UPS• 4,540 new registered
employer businesses in 2014 – 46 per 10,000 population
• 3-year survival rate (2011 start-ups): 56.8% survived to 2014
• 5.1% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 16.8% fast-growing
firms – 2011-2014
• Net Jobs: 2,816 (2014)
• Net Job Creation Ratio: 0.9% (2014)
• 6.5% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 33
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Leicester and Leicestershire
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Leicester and Leicestershire
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:TO BE LAUNCHED – June 2015
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Liverpool City Region
England
Liverpool City Region
CONTEXT• Population: 1,512,600
• Private Sector Jobs: 364,455
• Businesses: 36,590
START-UPS• 5,784 new registered
employer businesses in 2014 – 38 per 10,000 population
• 3-year survival rate (2011 start-ups): 50.4% survived to 2014
• 6.4% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 16.1% fast-growing
firms – 2011-2014
• Net Jobs: 10,150 (2014)
• Net Job Creation Ratio: 2.9% (2014)
• 5.4% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 34
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Liverpool City Region
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Liverpool City Region
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:TO BE LAUNCHED – June 2015
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
London
England
London
CONTEXT• Population: 8,416,500
• Private Sector Jobs: 3,546,767
• Businesses: 430,716
START-UPS• 74,971 new registered
employer businesses in 2014 – 89 per 10,000 population
• 3-year survival rate (2011 start-ups): 54.1% survived to 2014
• 7.9% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 18.6% fast-growing
firms – 2011-2014
• Net Jobs: 197,058 (2014)
• Net Job Creation Ratio: 5.9% (2014)
• 8.7% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 35
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
London
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
London
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – March 2015
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
New Anglia
England
New Anglia
CONTEXT• Population: 1,606,000
• Private Sector Jobs: 450,612
• Businesses: 57,189
START-UPS• 5,912 new registered
employer businesses in 2014 – 37 per 10,000 population
• 3-year survival rate (2011 start-ups): 59% survived to 2014
• 5.9% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 13.7% fast-growing
firms – 2011-2014
• Net Jobs: 10,933 (2014)
• Net Job Creation Ratio: 2.5% (2014)
• 5.6% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 36
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
New Anglia
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
New Anglia
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – June 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
North East
England
North East
CONTEXT• Population: 1,945,300
• Private Sector Jobs: 490,308
• Businesses: 48,437
START-UPS• 6,256 new registered
employer businesses in 2014 – 32 per 10,000 population
• 3-year survival rate (2011 start-ups): 54.6% survived to 2014
• 7.2% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 15.2% fast-growing
firms – 2011-2014
• Net Jobs: 15,131 (2014)
• Net Job Creation Ratio: 3.2% (2014)
• 6.1% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 37
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
North East
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
North East
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:TO BE LAUNCHED – September 2015
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Northamptonshire
England
Northamptonshire
CONTEXT• Population: 706,600
• Private Sector Jobs: 236,691
• Businesses: 29,908
START-UPS• 3,430 new registered
employer businesses in 2014 – 49 per 10,000 population
• 3-year survival rate (2011 start-ups): 55.5% survived to 2014
• 6.2% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 16.5% fast-growing
firms – 2011-2014
• Net Jobs: 6,668 (2014)
• Net Job Creation Ratio: 2.9% (2014)
• 6.8% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 38
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Northamptonshire
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Northamptonshire
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – February 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Oxfordshire
England
Oxfordshire
CONTEXT• Population: 666,100
• Private Sector Jobs: 214,090
• Businesses: 29,610
START-UPS• 2,312 new registered
employer businesses in 2014 – 35 per 10,000 population
• 3-year survival rate (2011 start-ups): 59.3% survived to 2014
• 5% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 16.9% fast-growing
firms – 2011-2014
• Net Jobs: 10,021 (2014)
• Net Job Creation Ratio: 4.9% (2014)
• 7.2% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 39
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Oxfordshire
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Oxfordshire
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – June 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Sheffield City Region
England
Sheffield City Region
CONTEXT• Population: 1,823,100
• Private Sector Jobs: 429,865
• Businesses: 39,736
START-UPS• 5,659 new registered
employer businesses in 2014 – 31 per 10,000 population
• 3-year survival rate (2011 start-ups): 55.6% survived to 2014
• 6.8% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 15% fast-growing
firms – 2011-2014
• Net Jobs: 15,749 (2014)
• Net Job Creation Ratio: 3.8% (2014)
• 7.2% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 40
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Sheffield City Region
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Sheffield City Region
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:TO BE LAUNCHED – June 2015
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Solent
England
Solent
CONTEXT• Population: 1,566,200
• Private Sector Jobs: 463,320
• Businesses: 43,638
START-UPS• 6,645 new registered
employer businesses in 2014 – 42 per 10,000 population
• 3-year survival rate (2011 start-ups): 56.9% survived to 2014
• 5.5% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 14.9% fast-growing
firms – 2011-2014
• Net Jobs: 13,976 (2014)
• Net Job Creation Ratio: 3.1% (2014)
• 4.9% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 41
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Solent
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Solent
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – July 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
South East
England
South East
CONTEXT• Population: 4,052,100
• Private Sector Jobs: 1,006,498
• Businesses: 149,390
START-UPS• 19,242 new registered
employer businesses in 2014 – 47 per 10,000 population
• 3-year survival rate (2011 start-ups): 57.4% survived to 2014
• 5.8% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 15.8% fast-growing
firms – 2011-2014
• Net Jobs: 24,220 (2014)
• Net Job Creation Ratio: 2.5% (2014)
• 6% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 42
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
South East
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
South East
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:TO BE LAUNCHED – July 2015
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
South East Midlands
England
South East Midlands
CONTEXT• Population: 1,757,000
• Private Sector Jobs: 578,653
• Businesses: 70,289
START-UPS• 9,236 new registered
employer businesses in 2014 – 53 per 10,000 population
• 3-year survival rate (2011 start-ups): 57.2% survived to 2014
• 5.6% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 16.1% fast-growing
firms – 2011-2014
• Net Jobs: 24,930 (2014)
• Net Job Creation Ratio: 4.5% (2014)
• 6.7% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 43
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
South East Midlands
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
South East Midlands
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – March 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Stoke-on-Trent and Staffordshire
England
Stoke-on-Trent and Staffordshire
CONTEXT• Population: 1,107,200
• Private Sector Jobs: 286,619
• Businesses: 31,612
START-UPS• 3,729 new registered
employer businesses in 2014 – 34 per 10,000 population
• 3-year survival rate (2011 start-ups): 55.6% survived to 2014
• 5.6% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 15.4% fast-growing
firms – 2011-2014
• Net Jobs: 7,263 (2014)
• Net Job Creation Ratio: 2.6% (2014)
• 6% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 44
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Stoke-on-Trent and Staffordshire
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Stoke-on-Trent and Staffordshire
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – June 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Swindon and Wiltshire
England
Swindon and Wiltshire
CONTEXT• Population: 693,700
• Private Sector Jobs: 212,080
• Businesses: 27,832
START-UPS• 3,150 new registered
employer businesses in 2014 – 45 per 10,000 population
• 3-year survival rate (2011 start-ups): 61.2% survived to 2014
• 4.2% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 15% fast-growing
firms – 2011-2014
• Net Jobs: 3,477 (2014)
• Net Job Creation Ratio: 1.7% (2014)
• 5.4% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 45
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Swindon and Wiltshire
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Swindon and Wiltshire
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – February 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Tees Valley
England
Tees Valley
CONTEXT• Population: 665,100
• Private Sector Jobs: 164,324
• Businesses: 15,746
START-UPS• 2,420 new registered
employer businesses in 2014 – 36 per 10,000 population
• 3-year survival rate (2011 start-ups): 52.5% survived to 2014
• 5.2% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 14.7% fast-growing
firms – 2011-2014
• Net Jobs: 3,439 (2014)
• Net Job Creation Ratio: 2.1% (2014)
• 8.1% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 46
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Tees Valley
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Tees Valley
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – July 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Thames Valley Berkshire
England
Thames Valley Berkshire
CONTEXT• Population: 878,400
• Private Sector Jobs: 370,962
• Businesses: 40,388
START-UPS• 5,663 new registered
employer businesses in 2014 – 64 per 10,000 population
• 3-year survival rate (2011 start-ups): 60.2% survived to 2014
• 5.8% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 16.4% fast-growing
firms – 2011-2014
• Net Jobs: 7,555 (2014)
• Net Job Creation Ratio: 2.1% (2014)
• 8.9% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 47
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Thames Valley Berkshire
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Thames Valley Berkshire
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – June 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
The Marches
England
The Marches
CONTEXT• Population: 663,100
• Private Sector Jobs: 178,950
• Businesses: 29,713
START-UPS• 2,511 new registered
employer businesses in 2014 – 38 per 10,000 population
• 3-year survival rate (2011 start-ups): 57.4% survived to 2014
• 4.3% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 15.2% fast-growing
firms – 2011-2014
• Net Jobs: 4,295 (2014)
• Net Job Creation Ratio: 2.5% (2014)
• 6.8% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 48
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
The Marches
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
The Marches
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:TO BE LAUNCHED – September 2015
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
West of England
England
West of England
CONTEXT• Population: 1,092,800
• Private Sector Jobs: 364,458
• Businesses: 41,090
START-UPS• 5,239 new registered
employer businesses in 2014 – 48 per 10,000 population
• 3-year survival rate (2011 start-ups): 60.3% survived to 2014
• 4.7% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 15.6% fast-growing
firms – 2011-2014
• Net Jobs: 4,942 (2014)
• Net Job Creation Ratio: 1.4% (2014)
• 6.7% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 49
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
West of England
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
West of England
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:TO BE LAUNCHED – October 2015
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
Worcestershire
England
Worcestershire
CONTEXT• Population: 572.200
• Private Sector Jobs: 153,804
• Businesses: 23,576
START-UPS• 2,179 new registered
employer businesses in 2014 – 38 per 10,000 population
• 3-year survival rate (2011 start-ups): 58.5% survived to 2014
• 5.2% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 14.3% fast-growing
firms – 2011-2014
• Net Jobs: 2,310 (2014)
• Net Job Creation Ratio: 1.5% (2014)
• 7.4% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 50
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
Worcestershire
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
Worcestershire
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:LIVE – June 2014
Barriers to Growth : 2012-2015 : GrowthAccelerator Diagnostic
0%
10%
20%
30%
40%
50%
60%
70%
80%
RetentionSalariesPremises &Infrastructure
Competition& ExternalConstraints
InnovationStrategy &Management
Sales &Marketing
FinanceSkills & Staff
York and North Yorkshire
England
York, North Yorkshire and East Riding
CONTEXT• Population: 1,141,200
• Private Sector Jobs: 228,359
• Businesses: 37,513
START-UPS• 3,203 new registered
employer businesses in 2014 – 28 per 10,000 population
• 3-year survival rate (2011 start-ups): 59.2% survived to 2014
• 4.8% of 2011 surviving start-ups grew to £1m turnover by 2014
GROWTH• 14.5% fast-growing
firms – 2011-2014
• Net Jobs: 9,413 (2014)
• Net Job Creation Ratio: 4.3% (2014)
• 5% of £1m turnover businesses in 2011 grew to a minimum of £3m by 2014
GROWTH DASHBOARD 51
2011-142010-132009-12
% Fast-Growing Firms : 2009-2014
York, North Yorkshire and East Riding
England
10%
11%
12%
13%
14%
15%
16%
17%
18%
19%
20%
2011-142010-132009-12
0%
1%
2%
3%
4%
5%
6%
7%
8%
York, North Yorkshire and East Riding
England
£1m turnover start-ups in three years : 2009-2014
GROWTH HUB STATUS:TO BE LAUNCHED – July 2015
GROWTH DASHBOARD 52
The Enterprise Research Centre
The Enterprise Research Centre (ERC) was established in February 2013 to answer one central question ‘What drives SME Growth?’
The Centre aspires to become the international focal point for research, knowledge and expertise on SME growth and entrepreneurship.
Focusing around the issues of Small and Medium sized Enterprise (SME) growth, senior academics, researchers and staff undertake research on six key themes: Ambition, Leadership, Diversity, Finance and Governance, Innovating and Exporting, and Business Demography. The Enterprise Research Centre is a partnership between five University Business Schools: Warwick, Aston, Birmingham, Imperial College and Strathclyde and is funded by the Economic & Social Research Council, the Department of Business, Innovation & Skills, the British Bankers Association and Innovate UK.
www.enterpriseresearch.ac.uk
The Business Growth Service
Backed by the Department for Business, Innovation and Skills (BIS) the Business Growth Service provides expert, tailored support for growing businesses; this includes advice for growth, export and finance. It brings together successful government-backed support services into one wider offer, making it simpler for businesses to access the support they need to grow.
The service is aimed at businesses with the potential to improve and grow, based in England, with fewer than 250 employees and a turnover of less than £40m.
The Business Growth Service brings GrowthAccelerator, the Manufacturing Advisory Service (MAS), schemes from the Intellectual Property Office (IP Audits) and the Design Council (Design Mentoring) together into a single service.
Export support is provided by UK Trade & Investment (UKTI) and UK Export Finance (UKEF), and the service is closely linked to Innovate UK, the British Business Bank and local growth hubs.
www.greatbusiness.gov.uk/businessgrowthservice
GROWTH DASHBOARD 53
Notes
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Notes
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Notes
0300 303 0034 (Monday to Friday 9am - 5pm)
www.greatbusiness.gov.uk/businessgrowthservice
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Find out more about the Business Growth Service