Tower Hamlets ranks 22nd of 361 UK local authorities, with a Local Growth Score of 1,072: 72 points above the UK benchmark of 1,000, 39 points above the London score and 51 points above the Greater London score. It stands out most on Investment, at 1,157; its biggest opportunity is ESG, at 982.
Tower Hamlets's scores are built from the area's 43,475 active companies, each measured on the same 16 characteristics.
The Local Growth Index scores every UK local authority on four pillars (Innovation, Scaling, Investment and ESG) using company-level data from the Beauhurst platform. Each measure is averaged across the area's companies, so a score reflects how active the typical local company is rather than how large the local economy is.
Every score is set against a fixed UK benchmark of 1,000, the score of the UK as a whole, so Tower Hamlets's 1,072 puts it 72 points above the UK. Its likely range, 1,062–1,082, shows how much the score could move with a slightly different mix of companies. A score is only published when that range is narrow enough to rely on.
London
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 Tower Hamlets's composite score of 1,072 is built up, pillar by pillar.
Innovation
1,064
Well above average nationally
800UK 1,0001,700+
+64 points against the UK · Likely range 1,055–1,073 · 30% of the composite
A strong showing on Innovation, ahead of 92.2% of authorities nationally. The Innovation pillar measures how rooted local companies are in research and new technology: granted patents filed in the last 20 years, university spinouts, R&D grant funding won in the last five years, and the share of companies in innovative sectors or the eight IS-8 growth sectors.
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
1,025
Well above average nationally
800UK 1,0001,700+
+25 points against the UK · Likely range 1,014–1,036 · 30% of the composite
Tower Hamlets sits in the upper half nationally on Scaling, ahead of 82.2% of authorities. The Scaling pillar looks past the startup phase: how many local companies are scaleups, how fast established companies are adding staff, and how many have attended an accelerator.
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
1,157
Well above average nationally
800UK 1,0001,700+
+157 points against the UK · Likely range 1,134–1,180 · 30% of the composite
Investment is Tower Hamlets's strongest pillar relative to other authorities, scoring 1,157 (157 points above the UK) and outperforming 96.4% of authorities nationally. The Investment pillar captures equity finance: how many local companies raised equity in the last five years, how much they raised, and how many raised for the first time.
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
982
Below average nationally
800UK 1,0001,700+
−18 points against the UK · Likely range 973–991 · 10% of the composite
ESG is Tower Hamlets's clearest opportunity, scoring 982 (18 points below the UK). It currently outperforms 24.7% of authorities. The ESG pillar tracks clean energy and other green activity, environmental accolades, social and governance signals, and the share of companies set up on a not-for-profit basis.
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 Greater London
Tower Hamlets scores 39 points above the London score, and 51 points above the Greater London score.
Tower Hamlets has a Local Growth Score of 1,072, ranking 22nd of 361 authorities nationally. The UK as a whole scores 1,000. Its pillar scores are Innovation 1,064, Scaling 1,025, Investment 1,157, ESG 982.
How is the Local Growth Score calculated?
Each company is measured on 16 characteristics, which are averaged across the area and compared with a fixed UK baseline. The results are combined into four pillar scores, and a composite weighted 30% each to Innovation, Scaling and Investment and 10% to ESG, on a scale where the UK scores 1,000.
What is Tower Hamlets's strongest economic pillar?
Relative to other authorities, Investment is Tower Hamlets's strongest pillar at 1,157, placing Tower Hamlets in the top 5% of UK local authorities on that pillar.
Where does Tower Hamlets have the most room to improve?
ESG is Tower Hamlets's weakest pillar relative to other authorities, at 982, 18 points below the UK benchmark. It is the clearest opportunity for local economic development.
How does Tower Hamlets compare to the rest of Greater London?
Tower Hamlets ranks 8th of the 32 authorities in Greater London, scoring 51 points above the county score. The next-highest-scoring authority in the county is Southwark, on 1,183.
How many active companies are based in Tower Hamlets?
Tower Hamlets has 43,475 active, non-dormant companies with their head office there. Every measure in the Local Growth Index is averaged across these companies.
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.
