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Oxfordshire’s Top 3 Industries and Why They’re Set to Grow in 2023?

Oxfordshire is an area of great economic potential. It’s a hub for innovation, led by its prestigious universities and research institutes, and home to world-leading businesses across a range of industries.

Postage Note of 2023 date

The county is known for its automotive sector, but according to OxLEP, which provides assistance to start, grow and support Oxfordshire businesses, the top industries today are: 

  • Life sciences;
  • Energy; and 
  • Robotics and AI. 

Let’s explore why. 

Life sciences

With world-leading research institutes and universities, Oxfordshire plays a key role in the global life science industry. The county is home to the European headquarters of several pharmaceutical companies and some of Europe’s largest biotechnology start-ups. It is one of the strongest life sciences clusters in Europe.

Heart Image for CSR and Life Science

Oxfordshire’s population of highly-educated life sciences specialists mean that the area is filled with the skills to develop ground-breaking new technologies. It’s a global hub for clinical trials and explores everything from diagnostics to medical devices, drug discovery and development, digital health, precision medicine and genomics and generative medicine.

With the local universities, research institutions and organisations already established in the county, the growth of life sciences worldwide means further growth of the industry here in Oxfordshire.

Energy

Oxfordshire is home to more than 30 academic, industry and public energy and energy storage organisations, including giants, Faraday Institution and Culham Centre for Fusion Energy (CCFE). With this assemblage of businesses and institutions, the energy sector in Oxfordshire is perfectly positioned to collaborate and explore innovation in an environment difficult to replicate elsewhere.

As with life sciences, the universities give this sector access to world-leading experts and facilities where collaboration and innovation can thrive. At the Faraday Institution at Harwell, there are over 6,000 professionals spanning multinational corporations, research councils and start-ups.

In Oxfordshire, the energy sector explores electrochemical energy storage, the development of new products and processes, fusion energy and the effects of irradiation on materials. This investment and existing infrastructure supporting the development of green energy solutions give Oxfordshire a secure future in the global race to fight climate change. An industry that is only going to accelerate.

Robotics and AI

Supporting the above sectors, as well as Oxfordshires thriving automotive industry, the research and development of robotics is an industry on a growth path in the county. This multi-billion dollar global market saw some of the earliest industry-leading innovations carried out in Oxfordshire.

At the UK’s Atomic Energy Authority, operating in Oxfordshire, research into robotics introduced the ability to decommission nuclear plants safely. Further developments will explore how these technologies can then be implemented to support nuclear fusion plants.

The sector here explores and pioneers advances in how AI and robotic technology can be integrated across industries to improve lives. Oxfordshires robotics and AI industry are developing solutions to assist with repetitive, routine tasks, looking at how it can operate our transport and how it could be utilised for disaster relief and the challenges ahead in the fight against climate change.

With our key industries playing a significant global role in the advancements of life sciences, developments in energy solutions and technology to improve the environment and fight climate change, it’s safe to say that Oxfordshire’s key growth sectors are secure for the years to come. And this has a ripple effect.

No matter what industry you operate in, Oxfordshire’s economic stability and global importance set it up to be a thriving hub for businesses across the board. The organisations and their people need services, and there are plenty of opportunities for new businesses to enter the market and enjoy the county’s success.

For more Oxfordshire business insights, check out The MGroup blog or contact us for any financial services and accounting needs.

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The MGroup have really been there for me and my business through the good times and the more difficult ones. Their advice has always been spot on, and has really ...
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Jessica Harvey-Smith
Debate Chamber Limited
The MGroup have really been there for me and my business through the good times and the more difficult ones. Their advice has always been spot on, and has really helped me to plan ahead and to consider angles on decisions which I might not have thought about otherwise. As well as being admirably clear and straightforward, everyone I have dealt with there has been friendly, patient, and thoughtful, and has really taken the time to get to know my business.
Jessica Harvey-Smith
Debate Chamber Limited
Mark has given me excellent Corporate Finance advice and support for 3 years and I would thoroughly recommend him. He is very tenacious in finding suitable companies to acquire and then ...
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Mark Swaby
Management Buy In client
Mark has given me excellent Corporate Finance advice and support for 3 years and I would thoroughly recommend him. He is very tenacious in finding suitable companies to acquire and then good at negotiating and putting deals together, including the all important funding. He is also very innovative in finding solutions to issues arising along the way.
Mark Swaby
Management Buy In client
Without a doubt, I recommend speaking with The MGroup. They are very knowledgeable, very understanding, have a good feel for our business and accommodate us quickly when we need help. ...
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Peter Mace
Managing Director, TT Concrete
Without a doubt, I recommend speaking with The MGroup. They are very knowledgeable, very understanding, have a good feel for our business and accommodate us quickly when we need help. We frequently get approaches from other accountancy firms and I tell them that we have no need to look elsewhere as everything is catered for very efficiently by Peter Smith and his team. I couldn't fault them.
Peter Mace
Managing Director, TT Concrete
I have nothing but admiration and respect for Geoff, Sandie and Lesley, the team at MGroup Corporate Finance who led us through the sale process - they are...
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Dan Graham
co-founder of F45 Training Stratford
I have nothing but admiration and respect for Geoff, Sandie and Lesley, the team at MGroup Corporate Finance who led us through the sale process - they are true professionals. Our key contact was Partner, Geoff Pinder, who took us under his wing, asking the right questions to help us make sensible decisions and protect our best interests. From the very first conversation it felt like they cared as much about our endgame as we did. We were both under a lot of pressure to close the deal and move on with our lives, so having a team we trusted by our side as we navigated game-playing, time-wasting potential buyers, was incredibly helpful. They are all wonderful people, and I would highly recommend you talk to them if you’re planning to exit your business.
Dan Graham
co-founder of F45 Training Stratford

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Jordan Lyne

Partner

Jordan has worked with various client’s over his ten years at The MGroup. The services provided range from bookkeeping, VAT returns, annual accounts and management accounts. He has been involved in recruitment of new staff members and helped move the firm on with it’s systems by creating and improving internal controls and procedures.

Jordan manages his resources efficiently to meet deadlines and where clients have specific requirements, he works closely with them to ensure these are both feasible and met in a timely manner. Jordan has clients in various sectors, ranging from international companies to smaller locally based businesses.

Wendy Tatham

Partner

Wendy joined the firm in 2015, after starting in finance for the NHS and then qualifying with another local firm of accountants. She brought with her experience across all areas, having previously managed payroll support, corporate and personal tax compliance and planning alongside other general practice elements.

Wendy works with clients across a range of sectors and enjoys supporting them with their statutory reporting, internal financial processes, corporate and personal tax planning and business advisory services. A key area of interest is working closely with her clients to support them with growing and restructuring their businesses to align with their long term goals.

In her spare time Wendy is the lead volunteer for Oxfordshire Scouts, supporting 95 Scouts groups across the county to deliver a fun programme of activities to young people aged 4 to 24.

Geoff Pinder

Corporate Finance Partner

Geoff has operated in the Mergers & Acquisitions and the corporate finance arena since 2004. He has held Executive roles leading and managing the performance and productivity of cross functional teams focused on delivering a high quality service to clients across complex portfolios.

Selling a business is a life changing event, and Geoff’s passion is working with businesses owners to help them explore the various exit options and strategies available to achieve their objectives, leading to excellent results for all stakeholders.

Geoff has been involved in over 500 deals across multiple industry sectors, working predominantly on the sell side of transactions, including sales to strategic buyers, private equity, and MBO’s.

Darren Green

Partner

Having grown up in North Oxfordshire, Darren joined The MGroup in 1999 as a trainee, qualified in 2003, and became a partner in 2010. Darren is best known for his ability to ‘go the extra mile’ for clients; even changing a flat tyre outside the office when it was discovered after a meeting, helping his clients to safely make their way home.

Aside from changing tyres, Darren enjoys helping clients to grow their varied and interesting businesses, and gaining insights into a wide range of sectors. In particular, he likes working within the corporate finance team, assisting with financial projections and due diligence for prospective buyers. Darren enjoys the challenging and pressurized nature of this type of work. Many of his clients are from manufacturing, technology or start-up backgrounds.

In his spare time Darren is a family man and he also enjoys sport, including football, skiing and running. He has taken part in a 26 mile walk for a cancer charity with colleague Geoff.

Peter Smith

Partner

Peter joined The MGroup in 1990 and became a partner in 1996. Originally from Wiltshire, Peter is a member of the Oxford Chamber of Commerce where he has been a Chamber council member for over 20 years.

Helping to provide a complete finance solution to companies is one of Peter’s key focus areas. He believes this to be a service that sets the partnership aside from its competitors, alongside The MGroup values and employees.

Peter provides financial mentoring, support with strategy and planning, solutions to increase profitability and improve cash flow, and help with expansion/diversification plans. His specialist interest areas include not-for-profit, healthcare and international organisations.

Peter enjoys the opportunities and challenges he is faced with every day at The MGroup and making a difference to clients’ lives. He is also a keen local charity supporter, regularly helping to raise funds and awareness for SeeSaw and SpecialEffect where he is an ambassador.

Outside of work, Peter is a Chelsea Football Club season ticket holder. He likes walking in the local area, especially if there is a pub or café at the end of the walk, and enjoys holidays in Devon, in particular to a secret escape in Dartmouth.

Richard Clayton

Partner

In 1984 Richard became the youngest ever partner at The MGroup at the age of 27 and is now the longest serving partner. Richard is a true team player, having been a prominent local footballer in his early years. He very much brings the team ethos to The MGroup who like to work as an integral part of their client teams.

Richard qualified in 1982 and has worked with many of his clients for decades, evidence of the excellent service provided by both Richard and the firm. Richard is proud of the firm’s exceptional reputation. He continues to develop new strategies and explore improvements to the services they provide and remains highly ambitious and committed. Outside of work Richard enjoys golf, football, spending time with his family and the very occasional glass of wine (normally accompanied by too much food!).

Richard has a depth of knowledge and experience in all areas of the construction industry and also deals with most of the firms agricultural clients. He also deals with a wide range of other clients which include a substantial number of UK subsidiaries of overseas companies together with a number of high profile local businesses. Richard is a firm believer that the role of a trusted accountant is to provide clients with the best possible advice and support. The client does not always have to follow advice but he believes they must have all options on the table to form a meaningful decision.