The Economic Picture for East & West Surrey

An analysis of 96,180 businesses across Surrey’s two new unitary authorities.

 16 April 2026
Table of contents

Surrey’s local government reorganisation will replace twelve councils with two new unitary authorities: West Surrey and East Surrey. Nine of the 11 districts backed a three-authority model; the government chose two, citing savings of £39 million a year.

Using Beauhurst data on 96,180 companies, we looked at what that boundary line means for businesses, funding, and growth across the two new authorities.

East Surrey
West Surrey

Where is the investment?

Equity

Equity Funding by Borough (£m)

West Surrey
Woking: £2,038m
Woking
Surrey Heath: £681m
Surrey Heath
Guildford: £644m
Guildford
Waverley: £326m
Runnymede: £79m
Elmbridge: £22m
Spelthorne: £22m
£3.8bn
East Surrey
Reigate & Banstead: £447m
Reigate & B.
Mole Valley: £194m
Mole V.
Elmbridge: £194m
Elmbridge
Tandridge: £43m
Epsom & Ewell: £39m
£917m
4:1 funding gap
Woking's £2bn+ is almost entirely McLaren Group (£1.87bn). Surrey Heath's £681m is dominated by Big Yellow (£502m).

Top 5 Equity-Funded SMEs in West Surrey

#CompanyBoroughRaised

Grants

Grant Funding by Borough (£m)

West Surrey
Guildford: £77.4m
Guildford
Runnymede: £39.4m
Runnymede
Woking: £37.1m
Woking
Spelthorne: £28.9m
Spelthorne
Waverley: £20.4m
Elmbridge: £10.4m
Surrey Heath: £9.8m
£223.4m
East Surrey
Mole Valley: £13.2m
Mole Valley
Epsom & Ewell: £9.6m
Epsom
Reigate & Banstead: £6.4m
Reigate
Tandridge: £2.8m
£32m
7:1 funding gap
Guildford accounts for £77m in grant funding — 36% of the West Surrey total.

Top 5 Grant-Funded SMEs in West Surrey

#CompanyBoroughGrants

West Surrey accounts for a significantly larger share of equity and grant funding across the county. The top five equity-funded SMEs in West Surrey raised £376m, compared to £61m in East Surrey. On grants, the gap is wider — £20m versus £5m for the respective top five. These figures point to two different kinds of local economy, each likely to need different support from the new authorities.

Employment figures in East and West Surrey

At the SME level, the sector mix is nearly identical: property, trades, software, and hospitality dominate both sides. The divergence is in the large employers. East Surrey’s are in property, automotive, schools, and care: businesses that serve local demand. West Surrey’s are in software, manufacturing, and distribution: businesses that serve national and international markets.

East Surrey — Large Employers (250+) by Sector

131 companies. Led by property, automotive dealerships, schools, and care. A services economy at every scale.

West Surrey — Large Employers (250+) by Sector

169 companies. Led by software, HR, hospitality, and manufacturing. More corporate HQs, more B2B and industrial weight.

West Surrey has a higher concentration of companies in military & defence, medical devices, and supply chain management, and is home to all five of Surrey’s space infrastructure companies. East Surrey’s company base is more weighted towards financial management, property services, and consumer-facing sectors.

Wealth Creation Across UK Councils

We use our data to dig into the UK’s wealth creation across local authorities. Find out which council had the most wealth creation.

High-growth businesses

Scaleup rates are similar across both authorities. West Surrey has more companies with patents and higher levels of venture capital activity.

Growth Indicators — Head to Head

Scaleup Density by Borough (per 100k pop)

East Surrey
West Surrey
Guildford (77.3) leads all boroughs. Woking (36.3) is last.

What each authority inherits

Different economies and different starting points.

East Surrey

Elmbridge, Epsom & Ewell, Mole Valley, Reigate & Banstead, Tandridge.

East Surrey has a higher overall business density (83 per 1,000 residents) than West Surrey, with Elmbridge the most dense borough in the county at 95.5 per 1,000.

Total equity raised sits at £917m across 45k companies. Equity per capita is £1,68k, compared to £5,77k in West Surrey. Grant funding totals £32m, with Mole Valley (£13.2m) and Epsom & Ewell (£9.6m) accounting for the largest shares.

Large employers are concentrated in property & construction, automotive, schools, and care. East Surrey has 508 scaleups and 184 companies with patents.

West Surrey

Guildford, Runnymede, Spelthorne, Surrey Heath, Waverley, Woking.

Contains the majority of Surrey’s equity-backed companies and a higher concentration of companies with patents and grant funding than East Surrey.

Total equity raised is £3.8bn across 51k companies, though two companies — McLaren Group and Big Yellow — account for a significant portion. Grant funding totals £223m, with Guildford (£77m) and Runnymede (£39m) the largest recipients.

Large employers are led by application software, HR, hospitality, and manufacturing. West Surrey has 610 scaleups and 291 companies with patents.

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