London entrepreneurs defied political and economic gloom last year with a jump in the number of registered startups.

City A.M. covers the Centre’s latest analysis of Company House data, celebrating a new high in business formations in the capital.

London entrepreneurs defied political and economic gloom last year with a jump in the number of registered startups. More than 216,000 new businesses were registered in the greater London area last year, a 6.45 per cent increase on 2017.

“It is encouraging to see formation numbers recover and hit a new high,” said Matt Smith, director of the Centre for Entrepreneurs (CFE), the think tank which compiled the figures using data from Companies House. “These figures demonstrate the resilience and confidence of entrepreneurs across the country, confirmed by…the strengthening of London as Europe’s leading startup hub,” he added.

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