Research reveals strong growth in number of enterprises in Leicester and Leicestershire over the last ten years

Added by Love Business East Midlands | 23 November 2022

New research from the Office for National Statistics’ UK Business Counts dataset shows that Leicester and Leicestershire have performed strongly against other English local authority and regional areas in terms of the number of enterprises and businesses located in the area between 2011 and 2021.

The highlights include*:

• Leicester had a 98 per cent growth rate in the number of enterprises in the city, ranked 5th overall and the highest outside of London in comparison with all 152 single/upper tier authority areas
• Leicestershire’s growth rate in the number of enterprises is ranked 5th against the 31 other comparable counties
• The Leicester and Leicestershire Enterprise Partnership (LLEP) achieved a growth rate of 46 per cent and is the fourth highest of 38 Local Enterprise Partnership areas

*Source: Office for National Statistics’ UK Business County dataset

The wider East Midlands region saw a percentage growth of 34 per cent in the number of enterprises – the third biggest growth out of nine regions around the country.

Mike Denby, Director of Inward Investment and Place Marketing at Leicester City Council commented:

“We are pleased to see the impressive performance of the city and county in terms of the number of businesses making the area their home, and staying and growing here. The destination offers a high quality and cost competitive investment location and growth results like these reaffirm the message that Leicester and Leicestershire is a place where world leading businesses will thrive in the long-term.”

Leicester and Leicestershire have a diverse economy alongside a huge amount of support for small and new businesses. Some of the stories behind the businesses have been captured in the City of Entrepreneurs Guide which follows the personal stories of 20 business owners demonstrating that Leicester means business for everyone. To read more, visit  https://www.visitleicester.info/dbimgs/Entrepreneurs%20Guide_web.pdf

About Invest in Leicester:

• Invest in Leicester is the first point of contact for businesses looking to expand, locate and invest in Leicester and Leicestershire.
• Its tailored service offers a range of practical information, support, and advice essential for businesses looking to expand into a new area, including:
• Market information and statistics on the local economy, demographics, infrastructure, and labour market
• Advice on land and property availability and costs
• Guidance on available finance and funding schemes
• Access to recruitment and training programmes and professional expertise
• Tailored visits to the area and introductions to business ambassadors
• Access to professional and supply chain networks

www.visitleicester.info/invest/

To find out more about relocating to Leicester and Leicestershire, contact the Invest in Leicester team at enquiries@investinleicester.com

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