Start-ups booming

UK start-ups could see a record year in 2015, with more than 600,000 new businesses expected to launch this year, compared with 581,000 last year. Meanwhile, the 50 most promising tech start-ups are growing at six times the rate of the rest of the UK’s businesses.

According to StartUp Britain, which works in conjunction with the StartUp Loans Scheme to provide loans to new businesses, its national tour – which took to the road last week – will provide inspiration and support to entrepreneurs thinking of starting their own concern.

Their campaign, which launched in 2011, has seen annual start-up rates increasing from 44,600 that year to a record-breaking 581,173 last year and they expect this record to be smashed by the end of 2015.

Meanwhile, it has recently been announced that existing start-ups on the Future Fifty list, a group of the UK’s brightest and most promising high-growth tech firms, increased their workforce by 30 per cent last year, compared with the national average of just over five per cent.

A spokesman for the Future Fifty group, which has been identified by Tech City, said that growth stage businesses are vital to the UK’s tech eco-system and are a leading source of innovation of jobs.

In fact, including another 12 former members, the group of businesses employ more than 17,000 people in total around the world and in the last year, Future Fifty companies raised a combined £433m in funding.

In addition, it is predicted that UK tech start-ups will create more than 20,000 jobs this year as venture capital investment rockets. London and the South-East will see the largest creation of such roles, with more than half the jobs advertised in the capital and 14 per cent in the surrounding areas.

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