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Birmingham Post
Birmingham Post
Business
Sion Barry

Cardiff is the UK capital for new businesses

Cardiff has the highest positive margin between new start-up firms and failures in the UK. Research by marketing training hub School of Marketing, based on ONS data, shows that in 2021 Cardiff had 72.14% higher business openings than closures.

The capital saw 3,460 start-ups compared to 2,010 business deaths. This meant that for every ten businesses that ceased trading, roughly 17 new ones started.

Next read: Huge take-up of office space in Cardiff.

Mansfield was ranked second, with 625 new businesses compared to 380 that closed in 2021. Wolverhampton came in third with 50.85% more new businesses than closures, with 1,780 business births and 1,180 deaths in 2021.

Bridgend was ranked ninth with a positive balance of just over 38%.

Rank

Region

2021 Business Births

2021 Business Deaths

Births/Deaths % Difference

Number of new businesses born, for every 10 that died

1

Cardiff

3,460

2,010

72.14%

17.21

2

Mansfield

625

380

64.47%

16.45

3

Wolverhampton

1,780

1,180

50.85%

15.08

4

Sandwell

2,140

1,460

46.58%

14.66

5

Ipswich

925

635

45.67%

14.57

6

Hull

1,345

925

45.41%

14.54

7

Broxtowe

580

410

41.46%

14.15

8

Darlington

590

425

38.82%

13.88

9

Bridgend

870

630

38.10%

13.81

10

Newham

3,570

2,625

36.00%

13.60

The study also found that UK-wide business openings were 4% higher than pre-pandemic numbers in 2019 with 386,200 new businesses in 2019 and 401,815 new businesses in 2021. Across the UK, 420,135 businesses closed in 2021, nearly 5% higher than the number of new companies formed in the same year.

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