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New Start-up Rate Increases Says Barclays |
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| 26/03/2009 | |
| Research from Barclays showed that there was a 1% rise in the number of new businesses started: from 432,300 to 436,000 firms over 12 months. Figures from the bank also show more women are starting their own firms than previously, with Cooper predicting the normally male-dominated world will become more equal. \"It appears women more than men are bucking the downturn by starting a business,\" said Cooper. \"We know from our Let\'s Talk Starting in business seminars that almost half of people attending are women, which is a notably high percentage considering men still make up the majority of all start ups. \"Perhaps with women showing more interest, we will in the future see equal number of businesses started up by both men and women.\" Yorkshire and the East Midlands performed well, with 8% and 6% rises. But Wales and the south-west both saw declines in numbers of start-ups. Start-up businesses were mainly focused on the health, education and social work sectors. Construction and property service firms saw a decline in new companies. Steve Cooper, local business managing director at Barclays, says the data show there are still opportunities in challenging times: \"These figures may seem surprising given the current economic climate. There could be a number of reasons for the robust start-up market, including individuals made redundant opting for self-employment.\" Barclays, is helping businesses who want to set up a business by running more than 500 free events throughout the UK focusing on setting-up, surviving and thriving in this climate. To book visit www.barclays.co.uk/seminars or call 0800 515 462. *Barclays estimate of business formation is obtained by grossing-up the number of new firms (not including those coming from other banks) by an estimate of market share. They are \"mainstream\" starts because the estimates cover only firms operated through a business current account (75-80% of all new firms, a stock of c.2.8 million in E&W). Only England & Wales are covered. All estimates are always rounded to the nearest 100. Barclays Local Business is the small business banking arm of Barclays. It has over 670,000 customers that are a mixture of start ups, sole traders, partnerships and small limited companies. These turn over up to £1 million each. |
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