8,934 companies formed

UK  900,006 companies formed in the UK in total View national statistics

Suffolk continues its stellar run of company formations

Suffolk has been one of the fastest climbers in the league table in 2023, climbing from 30th to 20th place with an outstanding 11.4% growth in company numbers. It was a record year for formations as well: 8,934 new businesses were registered in the county in 2023 versus 6,749 in 2022, a whopping 32% increase.

This continues a stellar three years for Suffolk, showing annual growth rates in company numbers of 5.9%, 9.6% and now 11.4% – a real testament to Suffolk’s entrepreneurs who have pulled off these numbers despite challenging trading conditions in 2023 including rising costs and interest rates, plus tepid consumer confidence due to the cost of living crisis.

Our infographic of 2023 company incorporation activity in Suffolk gives further details about companies formed in the county during the year and how it compares with the performance of other counties in England.

If you’d like to start a new company in Suffolk, you’ll find our simple online company registration service helpful.