Business Creation areas dominate a third of Yorkshire, KPMG UK and University of Nottingham find

A third of local areas in Yorkshire have been identified as Business Creation areas – places expected to experience a high rate of new business and investment growth, according to the latest figures from KPMG UK and the University of Nottingham.
Michael Crossland
By Michael Crossland
Published 20th Aug 2023, 16:45 BST

33 per cent of Yorkshire’s local areas are identified as such, surpassing the 19 per cent average seen across England, Scotland and Wales,

Business Creation areas are identified as areas that are seen to have highest start-up rates, combined with high expectations on investment growth.

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Euan West, office senior partner at KPMG in Yorkshire, said: “Yorkshire is witnessing a surge in start-ups and investment opportunities, positioning the region as a crucial player in the Business Creation group. The Innovation Arc in Leeds, along with other regional initiatives like the Advanced Manufacturing Research Centre in Sheffield, are encouraging collaboration and creativity, resulting in a remarkable upsurge in entrepreneurial activity."

"The Innovation Arc in Leeds, along with other regional initiatives like the Advanced Manufacturing Research Centre in Sheffield, are encouraging collaboration and creativity, resulting in a remarkable upsurge in entrepreneurial activity," said Euan West, office senior partner at KPMG in Yorkshire. Picture Bruce Rollinson"The Innovation Arc in Leeds, along with other regional initiatives like the Advanced Manufacturing Research Centre in Sheffield, are encouraging collaboration and creativity, resulting in a remarkable upsurge in entrepreneurial activity," said Euan West, office senior partner at KPMG in Yorkshire. Picture Bruce Rollinson
"The Innovation Arc in Leeds, along with other regional initiatives like the Advanced Manufacturing Research Centre in Sheffield, are encouraging collaboration and creativity, resulting in a remarkable upsurge in entrepreneurial activity," said Euan West, office senior partner at KPMG in Yorkshire. Picture Bruce Rollinson

The data comes from the new Local Business Pulse Index (LBPI), offering direction to businesses and local government leaders on the type of investment needed in their local areas. The LBPI aims to help firms and government bodies capitalise on growth opportunities and bolster economic development.

Related topics:YorkshireEnglandScotlandWales