The number of new start-ups in the Black Country has propelled the region into the top six highest-performing areas in the UK.
British entrepreneurs created a record number of new businesses in 2013, according to new figures announced by StartUp Britain on 27 January 2014.
The Black Country Local Enterprise Partnership can today, 28 January, reveal that the Black Country – comprising Dudley, Walsall, Wolverhampton and Sandwell – ranks sixth in the UK with 8,011 new businesses registered.
Research from the national enterprise campaign shows 526,446 businesses were registered with Companies House, beating 484,224 businesses recorded in 2012 and 440,600 in 2011.
Stewart Towe, Chairman Black Country Local Enterprise Partnership, said, "The figures published by StartUp Britain demonstrate that the Black Country is competing on a national stage in terms of entrepreneurial activity through business start-ups.
"Not only are we supporting and developing existing sectors in the Black Country such as High Value Manufacturing, we are also supporting entrepreneurs and small businesses to play their part in putting the Black Country on the map.”
Emma Jones, co-founder of StartUp Britain, added, "We’ve been looking at these figures carefully for three years since the campaign began and it’s clear the UK’s start-up community is growing year-on-year.”
According to Government statistics, micro and small businesses represent 95 per cent of all companies and employ more than seven million people in the UK.
The figures come direct from StartUp Britain’s Daily tracker, an online tool that reveals the number of businesses registered with Companies House on a daily, monthly and yearly basis.