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British entrepreneurs are founding nearly 420,000 new start-ups a year

The number of new UK businesses rose by 78% to 414,000 between 2010 and 2016.

  • The number of new UK businesses rose by 78% to 414,000 between 2010 and 2016
  • The impact of the Brexit vote upon entrepreneurial activity remains to be seen, but consumer spending has already dipped and business investment has slowed.

LONDON — British entrepreneurs are forming an increasingly vital part of the economy with the number of new businesses rising by 78% to 414,000 between 2010 and 2016 according to the ONS, but the impact of the Brexit vote entrepreneurial activity remains to be seen.

New research commissioned by wealth manager

In particular, the research found that start-ups in professional, scientific, and technical businesses have the best survival rate of any sectors, with 95% of businesses founded in 2014 still in operation in 2015, the last year for which that data is available.

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start-up activity, economic conditions, business conditions and government support:

The north London borough of Islington came first on account of its highly educated workforce, while Edinburgh came second for its high score for government support.

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