More than 43,255 new businesses were started up in the North West for the 12 months until September 2021, according to ONS data.
It looks like the North West of England is leading the UK’s COVID recovery, making it a ripe target for Channel sales teams. Several Manchester-based MSPs and resellers have attracted private equity attention over the last few years. ANS Group secured investment from Inflexion earlier this year, while BCN Group has been backed by Beech Tree Private Equity since 2018 and has since made several acquisitions.
For the 12 months until the end of September 2021, a total of 43,255 new businesses were established in the North West of England – an increase of 19 percent, or 6,965 more than the same period the previous year.
Meanwhile, the UK overall experienced a 15 percent increase in new businesses being started during the same period.
Cities such as Manchester have invested heavily in attracting entrepreneurs, with the city now among the fastest-growing tech hubs in Europe,
The only regions to top the North West for new business growth were the North East as well as Yorkshire and Humber. The former saw 11,155 new businesses being set up during the 12 months to September 2021, a 22 percent increase on the previous 12 months, while the latter saw 27,420 new businesses established, a 20 percent increase.
