Wolverhampton has a diverse and robust economy. In fact, it is expected to grow at a rate 3% quicker than the UK average over the next 10 years. The city has strengths across a wide range of industries, including construction, engineering, high-end manufacturing, food and drink, and distribution. There is also great growth potential in sectors such as digital and creative, software development and business support services.
Wolverhampton is an attractive place to do business thanks to comparatively low costs and a wide choice of prime commercial space. The city has been ranked as the fourth best city in the UK to set up a business, and survival rates for startups are better than the UK average. Investment of £3.7 billion planned for the city will improve transport links and infrastructure, and drive further business opportunities.
At Global Database we've identified the city's leading companies using our Wolverhampton B2B data. We've ordered them by annual revenue and compiled the list below - find out which businesses are currently the most successful here.
MoreAs the list compiled above shows, Wolverhampton has potential across a diverse range of sectors. One of the most important to the city is is retail. The city centre is home to 1 million square feet of retail space, generating £535 million every year. Advanced manufacturing is another thriving industry here, with companies based at the city's aerospace hub having a combined revenue of £650 million, and providing 2,500 jobs.
Business services is also crucial to the economy of Wolverhampton. With 20,000 people working in the sector, it currently employs almost 20% of the city's entire workforce. The city is an important centre for banking, accounting, legal and facilities management for the region and further afield.
