04 June 2014

Signs of business growth across all UK regions

Data from the Business Distress Index and Barclays suggests there are signs of business growth in all regions of the UK

Recent data from Barclays counters the idea that business growth in London and the South East is supporting the rest of the UK. According to their data, small and medium sized business growth in other regions is almost as fast as in London:

  • London 10% 
  • South East 8.3%
  • South West 9.3%
  • North West 9%
  • Yorkshire 8.7%

Low levels of business distress

Other recent data also backs this up, with the number of companies recording levels of distress at an all-time low of 33%.

The British insolvency trade body R3 tracks five indicators of business distress and uses this to assess business growth and economic recovery. The latest results show that:

  • 44% of businesses plan to expand over the next year
  • 65% of businesses have seen or more indicators of growth (up from 53% in July 2013)
  • Five out of six of the growth indicators measured have grown by over 10% since July 2013. Growth indicators measured include

Results are even more positive for Yorkshire and the North East, with just 18% of businesses showing business distress – 15% less than the national figure of 33%.

There is also positive news for the South East, with an increase in sales volumes of 25%. The number of businesses not showing any indicators of distress has also risen from 36% in March 2012 to 78% now.

Indicators of growth for Bizspace

We’re also seeing indications of growth, with many of our sites reaching occupancy levels of 100%

Connor Johnson, cluster manager for our three sites in Sheffield has recently let the last unit at Cricket Inn Industrial Estate. He says

I’ve recently let the last of our units at Cricket Inn Industrial Estate. The units are definitely in demand and appeal to sole traders and new businesses as they’re real value for money.

Fear not though, if you’re looking for industrial or storage units in the Sheffield area, we also have two other sites: Victorian property Baltic Works and Dinnington Business Centre, which also provides offices