New Startup Index H1 2024
In continued collaboration with NatWest, we delve into the trends pertaining to new company formations in the UK as of the first half of 2024.
The rate of new business formations in the UK has surged, with 879k incorporations in 2023 and a record 468k in the first half of 2024, reflecting a 6.36% increase from the previous year. This growth has resulted in a record number of active companies, showcasing the steady rise of the country’s entrepreneurial community.
Download the second edition of the New Startup Index to explore trends in incorporations over time, along with a detailed analysis of new company formation rates by quarter and region.
Inside the report
About the authors
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Henry Whorwood Managing Director
Henry leads our Research & Consultancy team, and is an expert on equity finance and high-growth business. He's worked on briefs for the likes of Barclays, SyndicateRoom, Innovate UK, Smith & Williamson and British Business Bank. He regularly gives presentations on market trends at events around the UK.
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Daniel Robinson Senior Research Manager
Daniel conducts data manipulation and analysis as part of the Research & Consultancy team. He has a background in business analysis and commercial copywriting in Australia and the UK, having worked at The Sunday Times Fast Track, Oxford University Press, and advertising network MullenLowe Group.
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Freya Hyde Senior Designer
Freya performs data visualisation and graphic design in the Research & Consultancy team. She has worked on projects for clients including Barclays, EY and JP Morgan. Freya holds a BA in History (International) from the University of Leeds, which included a year at Fudan University in Shanghai.
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