Number of UK startups rises to new record

The Financial Times cited the Centre’s 2016 company formation statistics in its special report ‘The UK’s Entrepreneurs’:

The UK start-up revolution shows no sign of ending. Last year nearly 660,000 companies were established, up from 608,000 in 2015, according to the Centre for Entrepreneurs, a think-tank. This year it looks likely that the record will be broken again, according to the CfE’s Startup Tracker.

“Other than the US, the UK is unrivalled as a place to start and grow a business,” says Simon Rogerson, chief executive of Octopus and overall winner of this year’s EY Entrepreneur of the Year UK award, alongside co-founder Chris Hulatt.

Some observers attribute the positive numbers to government-sponsored initiatives introduced after the financial crisis in 2010 to encourage people to set up businesses.

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