Sheffield and Newcastle Upon Tyne are similarly sized business centres with 33,178 and 21,017 active companies respectively. This close match makes their industry mix, growth trajectory, and formation history all the more interesting to compare. Both cities share strength in Activities of other holding companies n.e.c. and Buying and selling of own real estate.
Sheffield has 33,178 active companies compared to 21,017 in Newcastle Upon Tyne — 12,161 more.
Newcastle Upon Tyne has a higher 2020s company formation rate (55.9%) compared to Sheffield (54.8%).
Both cities share these top industries: Activities of other holding companies n.e.c., Buying and selling of own real estate, Development of building projects, Dormant Company, Management consultancy activities other than financial management. Sheffield is uniquely strong in Other human health activities, while Newcastle Upon Tyne stands out in Management of real estate on a fee or contract basis.