As Chartered Accountants who work with start-ups, it’s encouraging to note that our local region, the Home Counties, is ahead of the curve when it comes to new business creation. Analysis released in November 2015 by UHY Hacker Young reveals that two thirds of the top 20 net growth areas in the UK are located in the Home Counties. So if you’re thinking of starting a business here you’ll be in good company.
Setting up a business anywhere, at any time, requires a rare combination of a great idea, resilience, finance and entrepreneurship. Businesses that set up in areas with lower growth rates and go against the trends are to be applauded. Clearly the Home Counties has a more conducive climate for the new entrepreneur.
Not only is the Home Counties a hub for growth, but within this region, our Hertfordshire base is counted amongst the top start-up zones too. Watford, East Hertfordshire, Borehamwood and Potters Bar, Broxbourne and Waltham Cross are all amongst the UK’s highest for net new businesses. Unsurprisingly, London, another area where we support many clients, takes a top spot too.
UK net new business
|Area||Net new business
per 10,000 population
|Windsor and Maidenhead||28|
|Horsham, West Sussex||27|
|Borehamwood & Potters Bar||26|
|Broxbourne & Waltham Cross||25|
|Amersham & Chesham||25|
|UHY Hacker Young statistics:
Number of net new businesses per 10,000
to year end 31 December 2013, latest figures available.
Tarrant Green & Company is well placed to support start-ups, with twenty years spent doing just that. Over the years we’ve provided advice to many new businesses on their structure, taxation and raising finance. We provide advice and training on accounts and admin systems, giving a practical perspective that saves time and money.
For advice, please email email@example.com or call +44(0)1438 869 644.