There have been 5,338 new businesses registered in the last year, an increase of 737 or 16.2 per cent over the previous 12 months.

Only eight of the 38 Local Enterprise Partnerships bettered England’s rate of new company registration, with Buckinghamshire ranking 8th with 30.2 registrations for every 10,000 residents aged 16 or over.  Buckinghamshire ranked 3rd among county council areas behind Worcestershire (where 1,909 of 2,819 registrations were from a single post code) and Hertfordshire.

South Bucks recorded Buckinghamshire’s highest new registration rate with 51.1 registrations per resident aged 16 or over to rank 21st among the 380 local authority districts in Great Britain.  Chiltern also bettered the national rate with a registration rate of 35.2 to rank 46th.  Wycombe (379) and Aylesbury Vale (356) saw the highest number of registrations in Buckinghamshire but both with registration rates that rank outside the national top 100.

Table 1: Business registration rates, Q2 2017

Sources: Companies House, 2017; MYPE, ONS, 2017

Of the 1,288 businesses registered in the second quarter, more than one in ten were business support businesses (142).  The next most common types of business were management consultancies (77 new registrations), other personal services, including pet care and dating agencies (60), IT consultancies (59) and letting real estate (49).

The geography of new company registration is presented in the map at the end of this bulletin.

Table 2: Local authorities’ business registrations per 10,000 residents (16+), Q2 2017

Sources: Companies House, 2017; MYPE, ONS, 2017

Table 3: New business registrations for every 10,000 residents (16+) by LEP, Q2 2017

Sources: Companies House, 2017; MYPE, ONS, 2017