Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent estimate he has made of the average time it takes for a new business to become fully operational in the UK.

The World Bank Doing Business 2019 report measures the ease of starting a business. This involves measuring procedures, time, cost and paid-in minimum capital to start a limited liability company for men and women.

The average time taken for a new business in the UK to complete all the procedures required to become operational is 18 days.

Source:

World Bank, Doing Business 2019, https://www.doingbusiness.org/en/reports/global-reports/doing-business-2019