Over 14,000 new businesses formed in Birmingham in 2019

Techsparx comments on the growth of businesses and entrepreneurship across the Midlands last year.

More than five new tech startups launched every hour in 2019, contributing to a record 681,704 new business formations over the year – a 2.8% increase from 2018. These are some of the findings of the Centre for Entrepreneurs’ sixth annual analysis of Companies House data.

The latest data shows 14,509 new businesses formed in Birmingham in 2019, with the city second only to London. In the East Midlands, Leicester saw 5,060 new start ups.

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