Torridge

Torridge scores 961 on the UK Local Growth Index, placing it 255th of 361 local authorities and 39 points below the UK benchmark. Its ESG pillar is a clear strength, ranking 41st nationally, while its Investment pillar sits near the foot of the rankings. The composite likely range of 938 to 984 is narrow enough to publish with confidence.

  • Top pillar: ESG
  • Biggest opportunity: Investment
  • 2,519 active companies

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Torridge's composite score of 961 is built from four pillars: Innovation, Scaling, Investment and ESG, weighted at 30%, 30%, 30% and 10% respectively, across 2,519 active companies with corporate groups counted once.

Each pillar score is an average across those companies, which means the index reflects how active local businesses are on each dimension rather than the sheer size of the local economy. That averaging makes it a fair comparison between authorities of very different scales.

The UK as a whole scores 1,000, so Torridge's 961 places it 39 points below that benchmark. The likely range shows how much the score could shift with a slightly different mix of companies present; because Torridge's range is narrow enough to rely on, the score is published.

South West

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%951Below average nationally
  • Scaling 30%995Average nationally
  • Investment 30%891Well below average nationally
  • ESG 10%1,096Well above average nationally

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

Pillar breakdown

How Torridge's composite score of 961 is built up, pillar by pillar.

Innovation

951

Below average nationally

−49 points against the UK · Likely range 914–988 · 30% of the composite

Innovation captures patents, academic spinouts, R&D grant value, innovative sector tags and IS-8 sector tags. Torridge scores 951 on this pillar, 49 points below the UK benchmark, ranking 257th of 361 authorities, which means it outperforms fewer than three in ten authorities on this dimension.

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

995

Average nationally

−5 points against the UK · Likely range 946–1,044 · 30% of the composite

Scaling measures whether companies are scaleups, their headcount growth, and accelerator attendance. At 995, Torridge is just 5 points below the UK benchmark here, ranking 185th of 360, a broadly middle-of-the-road position that suggests local companies are adding staff at a pace close to the national average.

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

891

Well below average nationally

−109 points against the UK · Likely range 852–930 · 30% of the composite

Investment covers equity raising activity, the value of equity raised and first-time raisers, all in the last five years. Torridge's score of 891 ranks 359th of 360 authorities, placing it 109 points below the UK benchmark and indicating that equity investment into local companies is markedly less common here than across most of the country.

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

1,096

Well above average nationally

+96 points against the UK · Likely range 1,052–1,140 · 10% of the composite

ESG measures clean energy activity, other green activity, environmental accolades, social and governance signals, and not-for-profit proxy status. Torridge scores 1,096 on this pillar, 96 points above the UK benchmark and ranking 41st of 361 authorities, outperforming 88.6% of all authorities. This is the area where Torridge's companies stand out most clearly at a national level.

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 Devon

The chart below compares Torridge's composite score against its Devon neighbours, where it ranks 10th of 10 authorities in the county, 32 points below the county score of 993.

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 Torridge's Local Growth Score and how it's calculated.

Read the methodology
What is Torridge's Local Growth Index score?

Torridge scores 961 on the UK Local Growth Index, placing it 255th of 361 local authorities and 39 points below the UK benchmark of 1,000.

How does Torridge compare to the rest of Devon?

Torridge ranks 10th of 10 authorities in Devon, scoring 32 points below the Devon county average of 993. Exeter is the county's runner-up authority with a score of 1,037.

Which pillar is Torridge's strongest?

ESG is Torridge's strongest pillar, with a score of 1,096, ranking 41st of 361 authorities and sitting 96 points above the UK benchmark. It outperforms 88.6% of all authorities on this measure.

Where does Torridge rank on investment activity?

Torridge ranks 359th of 360 authorities on Investment, with a score of 891, which is 109 points below the UK benchmark. Equity raising activity among local companies is very low compared with most of the country.

How many companies are counted in Torridge's score?

The index counts 2,519 active companies in Torridge, with corporate groups counted once rather than as each of their registered entities.

What does the likely range mean for Torridge's score?

The likely range of 938 to 984 shows how much the composite score could shift with a slightly different mix of companies. Because this range is narrow enough to rely on, the score is published.

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.

Book a call with Beauhurst