Company formations in Greater Manchester hit an all-time high in 2022

Continued business optimism saw a marked expansion in the total number of companies registered in Greater Manchester with 233,019 businesses based in the area by the end of 2022. This represented annual growth of 7.1%, an impressive achievement when compared to the average growth rate returned by the UK as a whole of 4.6%. Nor is this an isolated accomplishment. The number of companies registered in Greater Manchester has increased by over 28% over the last 5 years, again outperforming national growth of 27.1% over the same period.

This first-class performance means that Greater Manchester holds third place in the 2022 league table of counties in England where most companies are formed.

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