Company formations in South Yorkshire hit an all-time high in 2022

Continued business optimism saw a marked expansion in the total number of companies registered in South Yorkshire with 72,058 businesses based in the area by the end of 2022. This represented annual growth of 5.6%, 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 South Yorkshire has increased by over 24% over the last 5 years.

This impressive performance means that South Yorkshire rises to 11th position in the 2022 league table of counties where most companies are formed.

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