Leading on from the FSB's report that the majority of businesses are poised for growth this year, Startup Britain and the Centre for Entrepreneurs think tank has confirmed 2014 was a record breaking year for new startups.
581,173 businesses were registered with Companies House, beating the previous record of 526,446 businesses recorded in 2013, and 484,224 in 2012.
Top performers on the entrepreneurial map according to post code include Greater London with 184,671 businesses registered, spearheading entrepreneurial growth in Britain, followed by Birmingham with 18,337 and Manchester with 13,054. A clear upward trend in the number of businesses starting up outside of London is positive news for the health of the entrepreneurial ecosystem in Britain.
“Starting a business is easier, quicker and cheaper than ever thanks to new technology,” said serial entrepreneur Luke Johnson, Chairman of the Centre for Entrepreneurs.
“Entrepreneurs have higher profiles than in the past and are seen as role models. Traditional jobs for life have largely disappeared, as have occupational pensions.”
Below is startup hotspot map for the last 12 months.
No surprises on the top 3 cities, but good to see a nice spread of new businesses across the UK.
Be interesting to see how long this growth curve continues. Be also nice to see a breakdown of lifestyle businesses, growing businesses and those that fold after 12 months.
But overall the picture seems promising, doesn't it?
