Monmouthshire ranks 93rd of 361 UK local authorities, with a composite score of 1,003, placing it 3 points above the UK benchmark. Its strongest result is on Investment, where it ranks 59th nationally, outperforming 83.6% of authorities. Scaling is the area where local companies sit furthest behind the UK average.
Monmouthshire's composite score is built from four pillars: Innovation, Scaling, Investment and ESG, weighted at 30%, 30%, 30% and 10% respectively.
Each score is an average across the authority's 4,731 active companies, with corporate groups counted once. That averaging means a small authority with highly active companies can rank alongside much larger economies, making the index a fair basis for comparing places of very different sizes.
The UK as a whole scores 1,000, so Monmouthshire's composite of 1,003 sits marginally above that national reference point. The likely range for the composite is 979 to 1,027, which shows how much the score could shift with a slightly different mix of companies; a score is only published when that range is narrow enough to rely on.
Wales
Each dot shows the pillar score on a scale where the UK as a whole scores 1,000, marked by the line. The paler band is the likely range. The composite weights Innovation, Scaling and Investment 30% each and ESG 10%.
How Monmouthshire's composite score of 1,003 is built up, pillar by pillar.
Innovation
1,010
Above average nationally
800UK 1,0001,700+
+10 points against the UK · Likely range 979–1,041 · 30% of the composite
Innovation covers patents, academic spinouts, R&D grant value, innovative sector tags and IS-8 sector presence. Monmouthshire scores 1,010 on this pillar, 10 points above the UK benchmark, and ranks 88th of 361 authorities, placing it in the top 25% nationally and ahead of 75.6% of all authorities.
Tagged with any industry or buzzword on a curated list of innovative sectors, for example chips, biotechnology, quantum, AI, data, SaaS, FinTech and CleanTech. About 2.5% of companies.
Tagged with any of the eight IS-8 sectors: advanced manufacturing, clean energy, creative industries, digital and technologies, financial services, life sciences, professional and business services, and defence. About 18% of companies.
We publish a score for each pillar, not for the measures inside it. The percentage beside each measure is how much it counts towards the pillar score. Select the lock to see the companies behind a measure on the Beauhurst platform.
Scaling
978
Below average nationally
800UK 1,0001,700+
−22 points against the UK · Likely range 945–1,011 · 30% of the composite
The Scaling pillar measures whether companies are 20% scaleups, headcount growth over a rolling four-year period, and accelerator participation. At 978, Monmouthshire's Scaling score sits 22 points below the UK benchmark, ranking 261st of 360 authorities. This is the authority's weakest pillar, and it outperforms only 27.5% of authorities on this dimension.
Annualised three-year employee growth rate over the latest four years of accounts, including group accounts, for companies with five or more employees at the start (capped). All other companies count as zero.
We publish a score for each pillar, not for the measures inside it. The percentage beside each measure is how much it counts towards the pillar score. Select the lock to see the companies behind a measure on the Beauhurst platform.
Investment
1,001
Well above average nationally
800UK 1,0001,700+
+1 points against the UK · Likely range 955–1,047 · 30% of the composite
Investment captures equity-raising activity: whether companies raised equity in the last five years, the amount raised, and whether a raise was a first-ever equity deal. Monmouthshire ranks 59th of 360 on this pillar, outperforming 83.6% of authorities. At 1,001, its score is 1 point above the UK benchmark, making Investment the authority's strongest pillar relative to the national picture.
Whether the company's first equity deal ever was in the last five years. A first-time raiser always counts as an equity raiser too.
We publish a score for each pillar, not for the measures inside it. The percentage beside each measure is how much it counts towards the pillar score. Select the lock to see the companies behind a measure on the Beauhurst platform.
ESG
1,061
Above average nationally
800UK 1,0001,700+
+61 points against the UK · Likely range 1,029–1,093 · 10% of the composite
The ESG pillar reflects clean energy activity, other green activity, environmental accolades, social and governance signals, and not-for-profit proxy status. Monmouthshire scores 1,061 here, 61 points above the UK benchmark, and ranks 85th of 361 authorities, placing it in the top 25% nationally and ahead of 76.5% of all authorities.
Is limited by guarantee without share capital, a rough indicator of non-profit status.
We publish a score for each pillar, not for the measures inside it. The percentage beside each measure is how much it counts towards the pillar score. Select the lock to see the companies behind a measure on the Beauhurst platform.
Compared to Wales
The chart below sets Monmouthshire's composite score of 1,003 alongside its Welsh neighbours, including Cardiff, which leads Wales with a score of 1,047.
How does Monmouthshire rank in the UK Local Growth Index?
Monmouthshire ranks 93rd of 361 UK local authorities, with a composite score of 1,003, placing it 3 points above the UK benchmark of 1,000.
How does Monmouthshire compare to other Welsh authorities?
Monmouthshire ranks 8th of 22 Welsh authorities, scoring 7 points above the Wales average of 996. Cardiff leads Wales with a score of 1,047.
What is Monmouthshire's strongest pillar in the index?
Investment is Monmouthshire's strongest pillar, where it ranks 59th of 360 authorities and outperforms 83.6% of all authorities. Its Investment score of 1,001 is 1 point above the UK benchmark.
Where does Monmouthshire underperform in the Local Growth Index?
Scaling is Monmouthshire's weakest pillar. Its score of 978 is 22 points below the UK benchmark, and it ranks 261st of 360 authorities on that measure.
What does the UK Local Growth Index actually measure?
It measures the characteristics of a local authority's business economy across four pillars: Innovation, Scaling, Investment and ESG. The index scores the activity of active companies, with corporate groups counted once, rather than measuring economic output or GDP.
How many companies are included in Monmouthshire's score?
Monmouthshire's score is based on 4,731 active companies, with corporate groups counted once rather than as separate registered entities.
Explore the data behind the index
Every score on this page is built from real, named company activity, patent filings, fundraisings, spinouts and scaleups. Book a call to see the data behind any authority's score, and how Beauhurst can support your work.
