The Northern England is witnessing a remarkable rise in small business growth, significantly outperforming other regions in the UK. According to recent data from GoDaddy's Venture Forward, 20 out of the top 50 constituencies for small business growth are in Northern Powerhouse areas, a substantial increase from the previous year. Constituencies like Barrow-in-Furness, Burnley, and Birkenhead exemplify this trend, showcasing vibrant entrepreneurial activity reinforced by government support. The North East and North West have the highest business birth rates in the country, showcasing the effectiveness of targeted investment and support initiatives.
Barrow-in-Furness has emerged as the North's small business hotspot with its microbusiness density score growing 78% over the past year, supported by £25m Town Deal.
The North East and North West of England had the highest business birth rate in the UK, with Barrow-in-Furness leading the way.
#small-business-growth #northern-powerhouse #entrepreneurship #uk-economic-development #microbusiness-density
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