Barclays and BGF Entrepreneurs Index Volume 7November 2015 | News
The Barclays and BGF Entrepreneurs Index examines the entrepreneurial landscape in the UK by looking at the levels of activity occurring at different stages of the entrepreneurial lifecycle.
The report analyses a number of data sets to provide a snapshot of entrepreneurship in the UK – from start-up, to growth, and the point of liquidity at which wealth is created. Featuring interviews with experts and entrepreneurs, the Index is a comprehensive view of activity levels across business sectors and regions.
The seventh volume of the Entrepreneurs Index found that:
- Between December 2014 and June 2015, the number of active companies recorded by Companies House grew by 3.86%, from 3,139,630 to 3,260,879. This is the biggest percentage increase since we began the index.
- The proportion of high growth companies in the UK decreased by 0.7 percentage points, from 21.5% to 20.8% in the 12-month period between December 2013 and December 2014. This is a continuation of the trend identified in volume 6 of the Entrepreneurs Index, where we reported that the proportion of high-growth companies had fallen from 23.2% to 21% between March 2013 and March 2014.
- The number of deals completed between June 2014 and June 2015 was 1,541, a 5% rise on the number completed in the previous 12 months.
- The services (other) sector was responsible for by far the highest proportion of deals in the UK, at 21%. Following this were the financial services (8.3%), computer software (7.2%), and industrial products and services (7.2%) sectors.
- The proportion of high-growth companies in the construction sector has risen for the third consecutive year, from 22.6% to 24.9%. The property sector, while giving rise to fewer high-growth companies overall, has also seen a percentage increase for the third consecutive year, as has the retail sector.
- Wales and South West England are outperforming the rest of the UK on high growth: In Wales, 23.4% of the companies with annual revenue between £2.5m-£100m are designated as high growth, the second highest figure in the UK after South West England, at 23.5%.
- A significant number of the deals completed in the last 12 months took place in London and the South East. London was responsible for 407 of the 1541 deals completed, while 256 took place in the South East. The next most active regions were the East of England, with 142, and the North West, with 138.
- This edition of the report takes a deep dive into the role that universities have to play in the UK in fostering entrepreneurship and high-growth companies, looking at examples of best practice and examining opportunities for areas of improvement.