Business Leader reports on the increase in business formations last year.
Data shows that 681,704 were birthed in Britain, as growing high-tech firms snapped up more than £10bn in venture capital investment.
This is a record number, and considered especially noteworthy as it comes during a period of productivity stagnation and prolonged uncertainty amid a third year of Brexit negotiations which has hit business confidence and investment.
“It is encouraging that despite a politically turbulent year in which business confidence hit new lows, business formations continued to set records,” said Matt Smith, director of policy and research at the Centre for Entrepreneurs (CfE).
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