UK sees record numbers of new startups in 2016

Business formation reached a record high in 2016 with more than 650,000 new businesses having been started in the UK, according to the Centre for Entrepreneurs (CFE)’s analysis of the latest Companies House data. This figure tops the previous record set in 2015 of608,110 new ventures.

Just over 30% of these startups (205,325) were registered in London but cities north of the capital showed impressive growth withBirmingham boasting more than 17,000 new enterprises followed byManchester (9,416), Glasgow (7,845) and Leeds (7,645). Startup Britain’s interactive mapprovides a good visual on how other regions in the UK compare.

For more information, see the Centre for Entrepreneurs’reporton the findings.