Originally written by Timothy Adler on Small Business
The number of companies formed in Britain in 2019 rose by nearly three per cent, hitting 681,704 according to research.
Over 45,000 tech start-ups were launched across the UK in 2019, representing 6.6 per cent of all company formations – the equivalent of more than five new tech start-ups launched every hour.
>See also: Reading has potential to be UK’s top entrepreneur hotspot
Unsurprisingly, London had the highest number of new company formations with 221,373 companies registered, followed by second city Birmingham (14,509) and Manchester (9,064). However, Bournemouth and Poole – acknowledged to be the wealthiest places in England – were in sixth place trumping Liverpool and Edinburgh as entrepreneurial hotspots.
Top 10 cities for UK startups 2019
Location#
Greater London221,373
Birmingham14,509
Manchester9,064
Leeds 7,492
Glasgow 6,733
Bournemouth and Poole5,627
Liverpool5,421
Edinburgh5,155
Leicester5,060
Bristol5,004
Source: Centre for Entrepreneurs
Indeed, tech start-ups comprised 28 per cent of all new businesses launched in Bournemouth and Poole. Tech start-ups were also highly represented in Brighton and Hove (15 per cent), Winchester (12.8 per cent) and Cambridge (12.5 per cent).
The Centre of Entrepreneurs, which conducted the research based on Companies House data, also found some quirky businesses: 10 of the new businesses founded last year were raising llamas and alpacas, while 10 new wine