Business population estimate for the UK and regions 2018

Business population estimate for the UK and regions 2018, updated 10/13/18, 10:43 PM

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There were 5.7 million private sector businesses at the start of 2018. • Compared with the previous year, the private sector business population fell by 0.5% (-27,000 businesses) whilst conversely private sector employment increased by 2% (+304,000). • This contrast is attributable to the number of smaller nonemploying businesses falling by 1% (-50,000) but the number of larger employing businesses rising by 2% (+23,000). • The decrease in the business population is the first fall in the series, which started in 2000. However, there were still 2.2 million (+63%) more businesses than in 2000.

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