24 December 2013
Following the news that over 500,000 start-ups were created in 2013, the government has announced further measures to help small businesses thrive.
It seems 2013 has been the year of the start-up business, with more than 500,000 being created over past 12 months.
According to Startup Britain’s Daily Tracker, 514,717 businesses have been launched since January and the final figure is expected to hit 523,410 by the end of the year. The tracker, which takes note of the number of businesses registered with Companies House, was created three years ago and this is the first time that the number of start-ups has passed the half a million mark.
In 2012 484,224 businesses were created while 2011 saw 440,600 start trading. Official figures from the Government show that 95% of all companies in the UK are micro or small businesses, making them crucial to the national economy. They also employ more than seven million people.
Emma Jones, co-founder of StartUp Britain says: “We’ve been looking at these figures carefully for three years since the campaign began and it’s clear the UK’s start-up community is fit and healthy – and shows no sign of abating.”
Earlier this month, Enterprise Minister Matthew Hancock announced the government’s measures which are aimed at helping small businesses thrive. Small Business: GREAT Ambition is an initiative which is designed to make it easier for start-ups and other small firms to fulfil their potential. It includes:
Mr Hancock says: “Small businesses are the lifeblood of the British economy and responsible for nearly half the job creation in the UK. That’s why we are removing barriers to growth and supporting them, so that they can create jobs and compete in the global race.”