12,800 companies formed
771,617 companies formed in the UK in total View national statistics
Lancashire holding steady at 10th place in the company formation league table with 12,800 new businesses formed in 2021.
The county of Lancashire boasts a respectable 4.6% yearly growth, above the national growth rate of 3.5%. Combining this with the fact that 21.4% more companies were formed than were closed throughout the year it is somewhat surprising that at the end of 2021 there were only 59.9 companies per 1000 people, below the national average of 79.1. However, with large cities such as Manchester – a hot spot for new company formations – only a stone’s throw away this may not be overly surprising.
Take a look at our infographic which examines company start-up activity in Lancashire in 2021. As well as summarising the area, our analysis breaks down performance by borough and even looks at individual wards.
If you want to register a company in Lancashire, you’ll find our simple company registration service helpful.