7,838 companies formed

UK  805,141 companies formed in the UK in total View national statistics

The total number of companies registered in Tyne and Wear reaches record high during 2022.

After a disappointing 2021, the overall growth rate in the county recovers well sitting at 4.8% – slightly above the national growth rate of 4.6%. With 7,838 new business formed in Tyne and Wear during 2022 – one of the most successful years yet – it is clear that business optimism has returned to the county.

Whilst not really a hot spot for company formation activity when considering there were only 7.1 new incorporations in 2022 per 1000 people, there was still a strong performance across the region with Newcastle accounting for most of the companies formed with 2,820 formations. Sunderland saw 1,595 new companies whilst Gateshead recorded 1,367 incorporations.#

If you want to register a company in Tyne & Wear, you’ll find our simple company formation service really helpful.