º£½ÇÊÓÆµ

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Economic Development

North Wales coastal resort named start-up capital of the º£½ÇÊÓÆµ

There were with more businesses formed in Llandudno per capita than anywhere else during 2021

Llandudno has been named start-up capital(Image: Hadyn Iball / North Wales Live)

Llandudno is the start-up capital of the º£½ÇÊÓÆµ according to research using Companies House data.

The report by revealed that more businesses formed in the North Wales coastal town per capita than anywhere else during 2021.

The study also found that despite the challenges of 2021, more start-ups were founded in the º£½ÇÊÓÆµ than during pre-pandemic 2019 (718,441 businesses vs. 691,127).

With an average of 13% more new businesses founded each month in 2021 vs. 2019, the analysis pinpointed which areas of the º£½ÇÊÓÆµ were the most entrepreneurial, by calculating the number of new businesses formed in each location while factoring in population size.

The 20 Areas That Saw the Most New Businesses Founded in 2021

Rank

Location

Businesses Founded (Per 100 People)

1.

Llandudno, North Wales

16.2

2.

Redhill, Surrey

11.6

3.

Tunbridge Wells, Kent

10.8

4.

Truro, Cornwall

7.8

5.

Motherwell, North Lanarkshire

7.0

6.

Guildford, Surrey

6.4

7.

Walsall, West Midlands

6.1

8.

Chester, Cheshire

5.9

9.

Canterbury, Kent

5.8

10.

Chelmsford, Essex

5.8

11.

Dudley, West Midlands

5.6

12.

Dorchester, Dorset

5.2

13.

Stockport, Cheshire

5.1

14.

Hemel Hempstead, Hertfordshire

4.7

15.

Doncaster, South Yorkshire

4.6

16.

Hereford, Herefordshire

4.0

17.

Peterborough, Cambridgeshire

3.8

18.

Stevenage, Hertfordshire

3.7

19.

Falkirk, Scottish Central Lowlands

3.6

Claire Miles, Chief Executive Officer of Yell, said: “With the challenges of the last two years, we might expect to find that fewer people were deciding to take the leap into the world of starting their own business.

"However, the data clearly shows that it has potentially inspired more people to take ownership of what they do for a living and finally make the dream of running their own business come true.

"With the background of the pandemic and numerous economic and supply chain challenges, it’s really encouraging to see that the entrepreneurial spirit of the º£½ÇÊÓÆµ is continuing to grow year on year.