Waverley

Waverley scores 1,018 on the UK Local Growth Index, placing it 55th of 361 local authorities and 18 points above the UK benchmark. Its strongest result is on Investment, where it ranks 41st nationally. Innovation also comes in above the UK average, while Scaling sits level with it.

  • Top pillar: Investment
  • Biggest opportunity: Scaling
  • 9,665 active companies

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Waverley'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, which means a smaller authority with highly active companies can score just as well as a larger one. That makes the index a fair comparison between authorities of very different sizes.

The UK benchmark is set at 1,000, so a score above that means Waverley's companies are, on average, more active across these measures than companies across the UK as a whole. The likely range shows how much the score could shift with a slightly different mix of companies, and a score is only published when that range is narrow enough to rely on.

South East

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%1,031Well above average nationally
  • Scaling 30%1,000Average nationally
  • Investment 30%1,024Well above average nationally
  • ESG 10%1,017Average nationally

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

Pillar breakdown

How Waverley's composite score of 1,018 is built up, pillar by pillar.

Innovation

1,031

Well above average nationally

+31 points against the UK · Likely range 1,011–1,051 · 30% of the composite

Innovation covers patents, academic spinouts, R&D grant value, membership of innovative sectors, and IS-8 sector tagging. Waverley scores 1,031 here, 31 points above the UK benchmark, ranking 55th of 361 authorities and placing it in the top 20% nationally. That puts it ahead of the large majority of local 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

1,000

Average nationally

±0 points against the UK · Likely range 977–1,023 · 30% of the composite

The Scaling pillar measures scaleup status, headcount growth and accelerator attendance. On Scaling, Waverley ranks 163rd of 360 authorities, level with the UK benchmark of 1,000. It is the area's weakest pillar relative to the national picture, though it remains broadly in line with the UK as a whole.

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

1,024

Well above average nationally

+24 points against the UK · Likely range 992–1,056 · 30% of the composite

Investment captures equity raising activity: whether companies have raised equity in the last five years, the value of that equity, and whether a company's first-ever equity deal was recent. Waverley's strongest result is here, ranking 41st of 360 authorities and sitting 24 points above the UK benchmark. That places it in the top 20% nationally and ahead of 88.6% of all authorities.

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

1,017

Average nationally

+17 points against the UK · Likely range 999–1,035 · 10% of the composite

ESG covers clean energy activity, other green activity, environmental accolades, social and governance signals, and a not-for-profit proxy. Waverley scores 1,017, ranking 160th of 361 authorities and landing 17 points above the UK benchmark. Performance here is broadly in the middle of the national distribution, though still modestly above average.

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 Surrey

The chart below places Waverley's composite score alongside its Surrey neighbours, where it ranks 3rd of 11 authorities in the county, 16 points above the county average of 1,002.

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

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

Waverley scores 1,018, placing it 55th of 361 local authorities and 18 points above the UK benchmark of 1,000.

How does Waverley compare to the rest of Surrey?

Waverley ranks 3rd of 11 Surrey authorities, with a composite score 16 points above the Surrey average of 1,002.

Which pillar is Waverley strongest on?

Investment is Waverley's strongest pillar, ranking 41st of 360 authorities and sitting 24 points above the UK benchmark. It outperforms 88.6% of all local authorities on this measure.

What does the Scaling score tell us about Waverley?

Waverley's Scaling score of 1,000 is level with the UK benchmark, ranking 163rd of 360 authorities. On measures of scaleup status, headcount growth and accelerator attendance, the area broadly matches the national average.

How many companies are counted in Waverley's score?

The index covers 9,665 active companies in Waverley, with corporate groups counted once rather than as separate registered entities.

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

The likely range of 1,002 to 1,034 shows how much the composite score could move with a slightly different mix of companies in the area. Waverley's range is narrow enough for the score to be published and relied upon.

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