Torfaen

Torfaen scores 987 on the UK Local Growth Index, placing it 139th of 361 local authorities and 13 points below the UK benchmark. Its strongest result is on Scaling, where it sits in the top third of all authorities. Investment is the area where it trails the UK benchmark most noticeably.

  • Top pillar: Scaling
  • Biggest opportunity: Investment
  • 3,017 active companies

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Torfaen's composite score is built from four pillars: Innovation, Scaling, Investment and ESG, weighted at 30%, 30%, 30% and 10% respectively.

Each score is averaged across the authority's active companies, with corporate groups counted once. This means a smaller authority with highly active companies can outscore a larger one, making the index a fair basis for comparing places of very different sizes.

The UK as a whole scores 1,000, so Torfaen's 987 places it just below the national average across its 3,017 active companies. The likely range of 960 to 1,014 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%.

  • Innovation 30%989Above average nationally
  • Scaling 30%1,015Above average nationally
  • Investment 30%945Average nationally
  • ESG 10%1,027Above average nationally

Want to learn more about the scores? Speak to an expert

Pillar breakdown

How Torfaen's composite score of 987 is built up, pillar by pillar.

Innovation

989

Above average nationally

−11 points against the UK · Likely range 946–1,032 · 30% of the composite

Innovation captures patents, academic spinouts, R&D grant value, innovative sector tags and IS-8 sector tags. Torfaen ranks 129th of 361 authorities on this pillar, scoring 989, which is 11 points below the UK benchmark, placing it in roughly the middle of the national distribution.

The 5 measures behind this pillar

  • Patents25%See the data on Beauhurst

    Granted patent families filed in the last 20 years, held anywhere in the corporate group (capped, log scale).

  • Academic spinouts25%See the data on Beauhurst

    Whether the company is a university spinout.

  • R&D grant value25%See the data on Beauhurst

    Value of R&D grants received in the last five years: Innovate UK, EU programmes and other grants for R&D (capped, log scale).

  • Innovative sectors15%See the data on Beauhurst

    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.

  • IS-8 sectors10%See the data on Beauhurst

    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

1,015

Above average nationally

+15 points against the UK · Likely range 968–1,062 · 30% of the composite

Scaling measures whether companies are scaleups, their headcount growth rate, and accelerator attendance. At 1,015, Torfaen is 15 points above the UK benchmark and ranks 93rd of 360 authorities, outperforming 74.2% of all authorities on this pillar, its strongest result across the four areas.

The 3 measures behind this pillar

  • Scaleups45%See the data on Beauhurst

    Whether the company is a 20% scaleup (Beauhurst high-growth signal).

  • Headcount growth45%See the data on Beauhurst

    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.

  • Accelerator10%See the data on Beauhurst

    Whether the company has attended an accelerator.

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

945

Average nationally

−55 points against the UK · Likely range 900–990 · 30% of the composite

Investment covers equity raisers, the value of equity raised and first-time raisers, all in the last five years. Torfaen's score of 945 is 55 points below the UK benchmark, ranking 176th of 360 authorities, and represents the most significant gap to the national average of any pillar.

The 3 measures behind this pillar

  • Equity raisers40%See the data on Beauhurst

    Whether the company raised equity in the last five years.

  • Equity raised40%See the data on Beauhurst

    Amount of equity raised in the last five years (capped, log scale).

  • First-time raisers20%See the data on Beauhurst

    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

1,027

Above average nationally

+27 points against the UK · Likely range 995–1,059 · 10% of the composite

ESG reflects clean energy activity, other green activity, environmental accolades, social and governance signals, and not-for-profit proxy status. Torfaen scores 1,027 here, 27 points above the UK benchmark, ranking 133rd of 361 authorities and outperforming 63.2% of all authorities on this pillar.

The 5 measures behind this pillar

  • Clean energy30%See the data on Beauhurst

    Active in clean or renewable energy, or clean technology.

  • Other green activity20%See the data on Beauhurst

    Active in green buildings and infrastructure, green transport, or sustainable farming and food.

  • Environmental accolades20%See the data on Beauhurst

    Has an environmental accolade, including completed Innovate UK clean growth grants.

  • Social and governance15%See the data on Beauhurst

    Has a gender pay equality signal from a report in the last five years, a director gender equality signal, or a social accolade.

  • Not-for-profit proxy15%See the data on Beauhurst

    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 Torfaen's composite score against its neighbours across Wales, where the authority ranks 12th of 22.

Dots share one axis across the site. The line marks the UK benchmark of 1,000; differences are in points.

Frequently asked questions

Common questions about Torfaen's Local Growth Score and how it's calculated.

Read the methodology
What is Torfaen's overall score on the UK Local Growth Index?

Torfaen scores 987, placing it 139th of 361 local authorities and 13 points below the UK benchmark of 1,000.

How does Torfaen compare to the rest of Wales?

Torfaen ranks 12th of 22 Welsh authorities, scoring 9 points below the Wales average of 996.

What is Torfaen's strongest pillar on the index?

Scaling is Torfaen's strongest pillar. At 1,015, it sits 15 points above the UK benchmark and ranks 93rd of 360 authorities, in the top third nationally.

Where does Torfaen score below the UK average?

Investment is the area with the largest gap: Torfaen scores 945, which is 55 points below the UK benchmark, ranking 176th of 360 authorities.

How many companies does the Torfaen score cover?

The index covers 3,017 active companies in Torfaen, with corporate groups counted once rather than as separate registered entities.

What does the likely range on Torfaen's score mean?

The likely range of 960 to 1,014 shows how much the score could move with a slightly different mix of companies. Scores are only published when this range is narrow enough to rely on.

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.

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