Business Demography in the UK
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Transcript of 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
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%
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
(%)