Half a million and counting: UK hits startup record

StartUp Britain figures released today have recorded close to 500,000 new businesses already created in 2014 – a new record.

Statistics from the national enterprise campaign (run by the Centre for Entrepreneurs think tank), show 498,176 businesses have, to date, been started this year – a full month earlier than the same count was reached in 2013 (which hit the half million mark in mid-December).

The accelerated start-up rate this year makes it possible the UK will achieve a new record of 550,000 new businesses started in 2014.

Matt Smith, director of the Centre for Entrepreneurs said:

“This is fantastic news and shows that the entrepreneurial spirit within Britain continues to grow.

We have the third lowest startup costs in the world, we’re ranked eighth in the world for the ease of doing business and we have the fastest growing economy in the G7 – all of which proves that there is no better time or place to start a business.”

The figures come direct from StartUp Britain’s “StartUp Tracker”, an online tool which reveals the number of businesses registered with Companies House on a daily, monthly and yearly basis.