Thousands of companies were founded in the West of England in the first three months of the year, new research has revealed.
A total of 11,020 businesses were set up in the region in January, February and March, according to insolvency and restructuring trade body R3. The figures, which are based on an analysis of data provided by Creditsafe, show that start-up numbers rose 62.8% between December 2021 (2,624) and March 2022 (4,273).
The South West also had the third-highest percentage increase in start-ups across the UK regions and nations between January and March, seeing a rise of 30.7%. Ahead of the South West was Wales, which saw a 46.8% increase, and the West Midlands, whose start-up numbers rose by 328.1%.
