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UK start-up business is booming - but...

...in Liverpool it's kind of tapping its fingers

Written by . Published on January 5th 2015.


UK start-up business is booming - but...
 

LIVERPOOL was beaten by neighbours Manchester and Warrington for the number of business start ups in 2014, figures released today reveal.

Manchester was in third place nationally – after London and Birmingham –  with 13,054 new businesses created on its cobbled streets.

Warrington also made the top 10, gaining eighth place with 7,529 businesses started in 2014.

Liverpool core city rivals Bristol, Sheffield, Nottingham (all in the top 10)  Leeds (12th) and Cardiff  (16th) were all ahead of Liverpool which was in 18th place with 6,032 start-ups.

Across the UK more than 581,000 new businesses were created in 2014, making it a record year for start-ups, the figures reveal. It shows the equivalent of almost 1,600 new enterprises were registered every day of the year across the UK.

Greater London maintained its status as the powerhouse of the UK with 184,671 businesses registered last year, according to the monitoring campaign group StartUp Britain.

Britain’s second biggest city, Birmingham, welcomed a record 18,337 new businesses in 2014, more than 2,000 higher than in 2013.

StartUp Britain, the national enterprise campaign run by the think-tank Centre for Entrepreneurs, say the total number of new businesses launched last year was almost 50,000 more than in 2013 and 97,000 more than in 2012.

StartUp Britain tracked figures from Companies House, the official registerer for all businesses in the UK.

Models

The Centre for Entrepreneurs said the clear upward trend in the number of businesses set up outside the London area was positive news for the health of the entrepreneurial ecosystem in Britain.

Serial entrepreneur Luke Johnson, chairman of the Centre for Entrepreneurs, said: “Starting a business is easier, quicker and cheaper than ever thanks to new technology. 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.”

The centre cited figures published in The Sunday Times yesterday showing the number companies failures dropped  by six percent in 2014, again using figures from Companies House.

Other provincial cities in the top 10 were Brighton, 8,344 start-ups, Glasgow 8,173, Bristol 8,130, Sheffield 8,052, Nottingham 7,641, Warrington 7,529 and Scotland’s capital Edinburgh in 10th place with 7,480 new businesses.  Northern Ireland’s capital city, Belfast, was in 15th place with 6,369 start-ups.

StartUp Britain campaign is backed by the British Government but operates as a fully private sector supported venture. It was founded by eight individuals and business owners in 2011 "to inspire, accelerate and celebrate entrepreneurship". 

 

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9 comments so far, continue the conversation, write a comment.

Tony BrokeJanuary 6th 2015.

Starting up a business is the quickest way to lose your meagre supply of redundancy money.

1 Response: Reply To This...
N TrepreneurJanuary 6th 2015.

Only if you are of the mindset that things happen to you.

AnonymousJanuary 6th 2015.

Its awful to be so far down that list.

Ian BealeJanuary 6th 2015.

What are Liverpool Vision for exactly?

AnonymousJanuary 7th 2015.

These figures are based on postal districts. Therefore the L postcode area is being compared against the much larger B and M postcode areas (L was similar in size before the Wirral has given CH postcodes instead). Therefore the absolute figures here pretty meaningless unless someone works out the number new businesses per head. Liverpool (meaning the postal area) should be higher on the list I expect but we need to have the per head figures before we can even begin a comparison.

3 Responses: Reply To This...
AnonymousJanuary 7th 2015.

Yes indeed, it's completely flawed to compare them in this way. Do you know of any source of population-per-postcode data?

AnonymousJanuary 7th 2015.

Yep: www.ons.gov.uk/…/index.html…. L+CH5*/6* has a similar population to B and M as it happens (which makes the Wirral postcodes removal more annoying - our city seems smaller now than it should). I suspect that per head by most definitions 'Liverpool' is behind plenty of cities, even though it is hopefully improving but it isn't possible to say so from the figures in the article above. Essentially what they say is that the most new businesses are in the biggest postal town in England, followed by the second and then the third in that order.

AnonymousJanuary 7th 2015.

^I meant CH4*/CH6* above (the former L4*/L6* postcodes on the Wirral). There are not CH5* for some reason.

John BradleyJanuary 7th 2015.

A few years ago, I knew someone who was very angry at the winner of the London Entrepreneur of the year award, tt was a Pizza takeaway business. Which is not what most people think of when they hear Entrepreneur, it is however what most of them are. Very mundane, will not set the world alight etc etc.

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