Portsmouth: City has one of worst business survival rates

Portsmouth has one of the worst records for business survival rates, new figures show. By contrast, Bournemouth has one of the best.

The city with the best survival is Bristol, with 44.4% of new startups surviving to the five-year mark, backed by an economy built on industries such as creative media, electronics and aerospace.

The only other cities to show a higher survival rate than the national average were Brighton and Hove (44.1%) and Leeds (42.9%).
 
Rank Town / City New Startups In 2013 5 Year Survivals 5 Year Survival Rate
1 Bristol 2,570 1,140 44.36%
2 Brighton and Hove 1,960 865 44.13%
3 Leeds 3,895 1,670 42.88%
4 Sheffield 2,145 915 42.66%
5 Cardiff 1,665 705 42.34%
6 Bournemouth 910 385 42.31%
7 Edinburgh 2,730 1,150 42.12%
8 Bolton 1,380 580 42.03%
9 Bradford 2,250 945 42.00%
10 Aberdeen 1,445 605 41.87%
 
UK cities with the Worst five-year business survival rates
 
At the other end of the scale, Plymouth is the city that has the lowest startup survival rate in the UK, with less than one in three (30.7%) new ventures lasting five years or more.
Rank Town / City New Startups In 2013 5 Year Survivals 5 Year Survival Rate
26 Glasgow City 2,830 1,060 37.46%
27 Northampton 1,445 520 35.99%
28 Liverpool 2,250 805 35.78%
29 Portsmouth 905 320 35.36%
30 Plymouth 1,090 335 30.73
The full research can be seen here: