The number of new start-up businesses born this year in the UK is on course to better those created in the previous 12 months, according to data from the Startup Britain Tracker.
As of April 18, the tracker shows that 150,240 start-up businesses have been born in the UK, providing unique insight into the growing self-starter trend. With only a third of the year gone, if the figures correlate over the remainder of the year the country should welcome more new firms than throughout the course of 2012.
Figures from the tracker show 424,161 start-ups were born in 2012 and the nation is on course for around 450,000 this year.
The tracker, created using data from Companies House and interpreted by the Made Simple Group, indicates there is growing optimism for the start-up sector.
Howard Graham, founder of the Made Simple Group, said: “These stats are very telling about the optimism and momentum within the start-up sector.
“The Startup Tracker makes this visible for all to see and plot the highs and lows as well as potentially making it possible for us to discover what makes certain days more attractive for setting up a business.”
Since the turn of the Millennium the number of SMEs in the UK increased from 3.5 million to 4.8 million in 2012 – a 38.7 per cent growth of the sector.
Tech start-ups in particular are certainly at the forefront of growth in the SME sector, particularly in the capital. It is estimated there are 3,000 tech companies in East London alone, employing upwards of 50,000 people.
That figure alone generates significant demand for office space in the London area. Workspace is one of London’s largest suppliers of commercial property and is increasingly providing SMEs with the space and facilities needed to grow.
Many office space providers are also now offering the flexibility of premises on a short term let, for as little as one month. In the current economic climate this can be a godsend for businesses wishing to expand without tying themselves down financially in the long term.