Enterprise explosion: 1 in 11 Brits are running a start-up

The number of start-ups is rising fast

One in 11 people in Britain is running or starting a business.

Of 18-64 year olds, 8.6% are involved in start-ups, compared with 7.3% in 2013, according to research by Barclays and the Business Growth Fund (BGF).

Active companies in the UK rose 3.9% in the six months to June 2014 to 3.14 million in December 2014, according to Barclays and the BGF’s biennial Entrepreneurs Index.

Richard Phelps, a managing director of Barclays, said: “Since we started our Entrepreneurs Index research in 2012, the UK has seen a net gain of nearly half a million companies, which signifies that for many individuals, running their own business is now becoming an aspirational career choice.”

North/south divide

Sales of businesses went up 6%, with the number of deals worth £200,000 or more rising from 1,476 in 2013 to 1,562 last year.

While the south of England fared well, with an 8.5% increase in deals during 2014, the north recorded a 0.2% drop.

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