6,903 companies formed

UK  771,617 companies formed in the UK in total View national statistics

Company growth in Lincolnshire holds steady in 2021 despite the pressures of lockdown.

With 6,903 new companies formed in Lincolnshire in 2021, the county boasts a respectable 4.2% growth rate, above the national rate of 3.5%. The county saw 36.77% more businesses close in 2021 than the preceding year – whilst at first glance this may seem incredibly high, the picture changes somewhat when considering that across the UK as a whole there was a rise of 45% in existing businesses closing.

Despite this, Lincolnshire’s 5-year growth rate of 18.07% currently underperforms the UK 5-year average of 26.3% – hopefully the county will have an even stronger 2022 and gain some ground on the average.

Take a look at our infographic which examines company start-up activity in Lincolshire 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 Lincolnshire, you’ll find our simple company registration service helpful.