Telling the truth about SME life today

Quick! Let every budding entrepreneur know today is most popular day to start a business in Britain

The popularity of this date varies significantly from trends seen in previous years, where the majority of businesses were incorporated close to the start of the fiscal year. In 2013, 2 April was the most popular date, in line with others prior to the recession.

In 2014, London was unsurprisingly the main location for new startups with 78,200, followed by East England at 49,600, the South West at 45,500 and the South East with 44,000.

Wales saw 23,700 newbies with Northern Ireland posting 8,500. However, Scotland dipped 3,400.

Whatever the day of creation the study found that the number of new businesses rose on average 11 per cent year on year between 2009 and 2013 compared to just three per cent on average in the years before.

Between 2013 and 2104 there was a ten per cent rise with last year being a record year for entrepreneurialism with over half a million businesses being created.

Read more articles about growth in business and confidence:

O2 said hit TV show the Great British Bake Off had played its part with a huge 4,190 baking businesses in the UK, more than double the amount that existed before Bake Off hit our screens in August 2010.

The company also revealed that 46 per cent of Brits have a desire to build their own company, but 41 per cent of budding entrepreneurs are being put off their dreams because they do not feel that they have enough initial funds for start-up costs, with a third not knowing where to start when creating a business.

Furthermore, despite the growth of the technology industry in the UK, 61 per cent of Brits arent confident that their grasp of modern business technology is solid enough to start a business.

Ben Dowd, business director at O2, said: Its encouraging to see that the UK continues to have a thriving startup scene, with a record number of entrepreneurs biting the bullet and starting their own business. We want to help more small businesses grow and thrive in an increasingly digital Britain, and we believe a key step is to take the hassle out of technology. We see first-hand how the right technology such as mobile devices and tablets can allow any company to run smarter, faster and more efficiently, ultimately helping that business grow.



Related Stories

More From

Most Read


If you enjoyed this article,
why not join our newsletter?

We promise only quality content, tailored to suit what our readers like to see!