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.