[Courtesy of Liverpool Echo] Wirral is one of the most prolific areas in the UK for start-up firms since the recession, new figures show.
According to data from Companies House – the UK’s official registrar of companies – 66% of the 12,819 businesses in Wirral started on, or after, September 1, 2008.
This is one of the highest proportions for any area of the country and is seven percentage points higher than the 59% of businesses that have started since the recession throughout the whole of the UK.
Nearly one in three (32.6%) of Wirral’s post-recession businesses work in professional, scientific and technical activities, which is far higher than the UK average of 17.7%.
Only Aberdeen has a higher proportion of its post-recession businesses working in this sector.
Across the UK – where a primary business interest was specified – the most popular sector for post-recession businesses was also professional, scientific and technical activities.
Just under 18% of businesses that have registered with Companies House since September 2008 listed this as their main area of business.
The next most common pursuit for post-recession firms was administrative services (11.8%) followed by information and communication (11.2%).
Not every business specifies its primary business activity, with around one-in-three failing to do so.
Wirral Chamber of Commerce chief executive Paula Basnett said, “One of the key chamber objectives is to encourage the growth of new or young enterprises in the borough and, as such, we are working closing with the Start-Up Loans Company as one of only three official delivery partners in the Liverpool city region.
“Through this initiative we offer support in developing business plans, offering expert mentoring guidance and providing low interest loans which can help to either kick-start a new business or to help enterprises, up to 24 months old, move forward to their next expansion phase.”
At a national level, Scotland had the highest percentage of businesses starting since the recession with 59.5% of the Scottish companies currently registered to Companies House having signed up since the start of the recession.
Regionally, Liverpool achieved a 63% level for post-recession start-ups, with 14,687 of the 23,470 total.
Knowsley hit 59% (2,250/3,792); Sefton reached 58% (4,915/8,495); followed by St Helens on 57% (2,147/3,734).
Wirral Chamber of Commerce- Delivery Partner for the Start Up Loans Programme
The Wirral Chamber became a delivery partner for the Start Up Programme this year. Start Up Loans are available to businesses yet to launch or those that have been trading for up to 12 months, although in certain circumstances this may be extended to 24 months.
They have so far helped several businesses from a bridal shop to a property maintenance company. Not only do companies get the loan, they get mentoring and full support from the Chamber with their business and cash flow plan. For more information see the Wirral Chamber Start Up page.
Wirral Chamber of Commerce is a credit broker not a credit lender.