Oxfordshire: New business continues to grow in county
New figures show that the number of companies based in Oxfordshire continues to grow apace. The total number of registered companies in the county now totals 38,413, up from 37,534 at the end of 2015, which equates to 2.3% growth. During 2016, 4,517 new companies were established.
The statistics come from the Inform Direct Review of UK Company Formations, using data from Companies House and the Office of National Statistics. For a full breakdown, go here.
The district of South Oxfordshire formed the most new businesses (1,032), followed by Cherwell (1,025) and Oxford (1,006).
John Korchak, director of operations at Inform Direct said: “These figures underline the positive entrepreneurial culture that fosters new company formations and drives economic growth. So far, at least, we’re not seeing evidence that the Brexit vote has dented confidence among those considering starting up in business.
“Oxfordshire again delivered an impressive number of new companies in 2016, demonstrating that it offers a fertile environment for new businesses to spring up and prosper.”
Across the UK as a whole, there were a record-breaking 664,720 companies formed – up from 612,565 in 2015. The number of UK companies now stands at 3,962,909.
Of the 601,418 formations in England, 209,869 were in London. 35,502 companies were formed in Scotland, 15,795 in Wales and 7,389 in Northern Ireland.
