Business Demography, 2014

26 Nov 2015 10:55 AM

Main points

• The number of UK business births increased by 1.2% from 346,000 to 351,000 between 2013 and 2014, a birth rate of 13.7% compared with a rate of 14.1% in 2013.
• The 351,000 business births in 2014 were the highest recorded since comparable records began in 2000.
• The number of UK business deaths increased by 3.5% from 238,000 to 246,000 between 2013 and 2014, compared with the decrease of 5.9% in 2013 (from 252,000 to 238,000).
• The total UK business birth rate was 13.7% and the death rate was 9.6%. London was the region with the highest birth rate at 17.7% and the highest death rate at 10.6%.
• In broad industry terms, business administration and support services had the highest business birth rate at 20.7% and accommodation and food services had the highest death rate at 13.1%.

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