Member Article

West Yorkshire in the UK top 5 for new startups

West Yorkshire is the 4th best region in the UK for the number of startups is has produced, according to new research.

There were a total of 15,924 companies formed in the region in 2014, behind London (191,915) in first place, Greater Manchester (25,059) and the West Midlands (25,059).

In the nation as a whole, 586,784 businesses were formed in 2014 that were registered with Companies House, whilst 368,012 were dissolved.

This is according to research from business information platform Inform Direct.

Commenting on the latest research, Finance Yorkshire chief executive Alex McWhirter said: “Start-ups and early stage businesses represent a key growth area in the Yorkshire and the Humber region, which has a long-standing reputation as a hotbed of entrepreneurialism.

“As early stage investors with many years’ experience, Finance Yorkshire helps young businesses protect their innovations while providing a solid foundation for growth.

“Enabling these innovative companies to thrive and grow in turn helps to grow the regional economy.”

Finance Yorkshire will be exhibiting at Venturefest which showcases Yorkshire’s most inspiring science, technology and innovative entrepreneurs. The one-day event takes place on Thursday, 12 March at York Racecourse.

This was posted in Bdaily's Members' News section by Clare Burnett .