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Business Demography in the UK

Business Demography in the UK

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Business Demography in the UK

About this SlideShareWe look at businesses in the UK using data from

the Office for National Statistics

More businesses are likely to be created because of the continued economic growth and strengthening of

the labour market.

Source: Economic Review

We define new business registrations as business births; These are businesses newly registered for

VAT or PAYE

More businesses were born in the UK in 2015 than any other year since comparable records began in 2000

Source: Business Demography: 2015

There were

business births in 2015

Source: Business Demography: 2015

0 4 8 12 16 20(%)

London had the highest business birth rate in the UK (18.6%)

Northern Ireland

South West

East

North East

North WestYorkshire and

The HumberEast Midlands

West Midlands

London

South East

Wales

Scotland

Source: Business Demography: 2015

Births

Deaths

Since 2011, the rate of business births in the UK has exceeded the rate of business deaths

Source: Business Demography: 2015

20109

10

11

12

13

14

15Rate (%) Births Deaths

2011 2012 2013 2014 2015

In 2015, the highest rate of business births continued to occur in business administration and support, at 20.4%

Source: Business Demography: 2015

0 5 10 15 20 25Rate (%)

Wholesale

Motor trades

Arts, entertainment, recreationand other services

Retail

Education

Accommodation and food services

Production 12.4%

Property 12.2%

Health 12.9%

11.8%

14.3%

Construction 14.6%

Information and communication 16.0%

Professional, scientific and technical 15.8%

Finance and insurance 14.8%

Business administrationand support services 20.4%

Transport and storage (inc. postal) 20.3%

9.1%

10.7%

10.4%

8.9%

5-year business survival

41.4% of businesses that were born in 2010 were still active in 2015

0

25

50

75

100

Source: Business Demography: 2015

1-yearsurvival

2-yearsurvival

3-yearsurvival

4-yearsurvival

5-yearsurvival

2010Births

2011Births

2012Births

2013Births

2014Births

(%)

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