Norfolk moves up 3 positions on the company formation league table after a strong 2021.

The number of businesses closing down in Norfolk during 2021 reached a 5 year high with 28.74% more businesses closing in 2021 than in 2020. Couple this with the fact that the number of new incorporations per 1000 people in Norfolk for 2021 is exactly half the national average of 12.2, one might be forgiven for underestimating Norfolk entrepreneurs. In fact, Norfolk shows very promising growth on 2020 at 5.5%, respectably above the national growth rate of 3.5%. Should this continue perhaps 2022 will see the county move even further up the formation league table.

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