Page 110 - Minutes of meeting
P. 110

The Resilience Challenge

   Dependence on Large Employers





    Around 1,925 businesses are located in Barrow and the business base has declined by 4.2% (-85) since 2015.


    A large proportion (90%) of Barrow’s businesses are micro in size, employing less than 10 people, which is in line with
    comparator geographies. At 9.1%, there is a stronger presence of small businesses in Barrow relative to both Cumbria and

    England.
                                                                                     Size of Businesses, 2019
    At the other end of the spectrum, there are 5 (0.3%)
    businesses employing more than 250 people. The
    proportion of large businesses exceeds that of                                        Business Size                        Barrow                    Cumbria              England
    Cumbria (0.2%), but it is below the national average

    (0.4%).                                                                                                              No.              %                   %                    %

    Importantly, employment is strongly reliant on a                                  Micro (0-9)                       1,725           89.6%              89.5%                89.6%

    very small number of large businesses. BAE
    Systems and Furness General Hospital – the two
    largest employers – cumulatively employ directly                                  Small (10-49)                       175            9.1%               8.9%                 8.5%
    around 10,500 people in Barrow (35% of total
    employment). In the case of BAE, it is estimated                                  Medium (50-249)                     25             1.3%               1.4%                 1.5%
    that there are a further 3,000 direct contractors
    employed in Barrow in addition*.                                                  Large (250+)                         5             0.3%               0.2%                 0.4%


    These businesses are strongly affected by a range
    of government policy decisions including those
    related to defence and health and social care

    expenditure.
   Source: UKBC, ONS, 2019 based on total enterprises; *Cumbria LIS Evidence Base
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