The business ‘death rate’ in Yorkshire and the Humber has decreased for the first time in at least five years.
The latest figures from the Office for National Statistics show that in 2018, 10.9 per cent of all businesses in the region closed down (one in nine), with the region faring better than the national average.
That was down from 12.4 per cent of businesses in 2017, and is the first decrease since at least 2014 when 9.8 per cent of businesses closed down.
That rate was the same as the previous year. Since then, the death rate has increased year by year hitting its peak in 2017.
While fewer businesses are ceasing their trading, more are being started.
In 2018, there were 11.8 per cent new businesses in Yorkshire and the Humber - up from 11.6 per cent in 2017.
That means that one in eight businesses ceased trading in 2018.
Businesses births also decreased across the 海角视频, with 12.9 per cent of all businesses operating in 2018 set up during the year - down from 13.1 per cent in 2017.
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The number of new businesses being created fell from 382,000 to 381,000 over the year.
Again, it was the second decrease in a row, with a business birth rate of 14.1 per cent in 2016.
The number of business deaths seen nationally also decreased, from 362,000 in 2017 to 336,000 in 2018.
It means 11.4 per cent of businesses closed last year, compared to 12.4 per cent in 2017.
London had the highest business birth rate at 15.9 per cent, whereas the North West had the highest death rate at 13.5 per cent.
The transport and storage (including postal) industry had both the highest business birth and death rates, at 17.8 per cent and 16.5 per cent respectively.
Business administration and support services followed at 17.2 per cent and 15.4 per cent respectively.
Out of 282,000 businesses in 2018 with 10 or more employees, 14,000 (5 per cent) have been classed as being high growth - up from 4.7 per cent the previous year.