New Businesses

(asked on 16th January 2020) - View Source

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

To ask the Secretary of State for Business, Energy and Industrial Strategy, how many small and medium-sized enterprise start-ups there were in (a) York, (b) Yorkshire and the Humber and (c) England in each year since 2010.


Answered by
Kelly Tolhurst Portrait
Kelly Tolhurst
This question was answered on 23rd January 2020

The below table lists the number of start-ups according to ONS Business Demography UK data (the most recent of which is for 2018). Please note, this data refers to the number of VAT/PAYE registrations, and is available at the following links:

https://www.ons.gov.uk/file?uri=/businessindustryandtrade/business/activitysizeandlocation/datasets/businessdemographyreferencetable/current/previous/v2/businessdemographyexceltables2015.xls

https://www.ons.gov.uk/businessindustryandtrade/business/activitysizeandlocation/datasets/businessdemographyreferencetable

Number of start-ups

Year

York UA

Yorkshire and the Humber

England

2010

665

16,630

207,520

2011

655

17,235

232,460

2012

720

17,990

239,975

2013

945

23,120

308,565

2014

880

23,465

312,920

2015

830

25,140

344,065

2016

870

26,775

373,580

2017

775

22,600

339,345

2018

850

23,405

340,045


We want to make the UK the best place to work and grow a business. The Government-owned British Business Bank’s programmes are supporting more than £7.0bn of finance to over 91,000 SMEs, the majority outside London and the South East. The BBB in collaboration with ten Local Enterprise Partnerships, combined authorities and growth hubs manages the £400m Northern Powerhouse Investment Fund (NPIF). By September 2019, NPIF had invested £135m in over 500 ambitious SMEs across the Northern Powerhouse region, in deals that have attracted an additional £123m of investment from the private sector. This support seeks to address the disparity in the availability of finance across the UK and was further bolstered last autumn, with the launch of the £100m Business Angel investment programme designed to support clusters of business angels outside London. The BBB also established a UK-wide network of relationship managers to help tackle regional imbalances in access to finance.

The number of loans made by the BBB’s Start Up Loans programme in York local authority and Yorkshire & Humber is as follows:

Start-Up Loans:

FY

York LA

Yorkshire & Humber

2012-13

3 loans - £22,000

160 loans - over £726,000

2013-14

26 loans - £139,000

1,083 loans - over £5.5m

2014-15

24 loans – over £167,000

965 loans – over £5.1m

2015-16

26 loans – over £215,000

765 loans - over £5.8m

2016-17

25 loans - £244,000

762 loans – over £8m

2017-18

32 loans – over £448,000

774 loans – over £10.2m

2018-19

26 loans – over £264,000

783 loans – over £7.8m

2019- 31 December 2019)

17 loans – over £154,000

583 loans – over £6.3m

The local York, North Yorkshire and East Riding and Leeds City Region Growth Hubs provide a free, impartial, ‘single point of contact’ to help businesses in these areas identify and access the right support for them at the right time no matter their size or sector.

SMEs across Yorkshire and Humber are also benefiting from over £1.3 billion investment over the years 2015-2021 through Yorkshire and Humber LEP Growth Deals. This includes over £145m through the York, North Yorkshire and East Riding LEP Growth Deal and £695m through the Leeds City Region LEP Growth Deal.

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