The Week In Entrepreneurship 5th October 2020

Company formations sustain growth

Company formations in the first nine months of the year are 9.5% higher than January to September 2019. To date, 572,882 companies have launched in 2020.  Every English region and devolved nation saw year-on-year growth in company formations in September, averaging 29% across the UK and creating a four-month run of growth. Scotland saw 29% year-on-year growth in September, helping it recover from the sharpest fall in the UK to an overall 12% year-on-year increase since Covid took hold in March. Only Wales and Northern Ireland continue to see fewer company formations since Covid swept the UK (-4% and -8% respectively). Download the full regional and sector data

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