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Number of new enterprises still active after 2 years (9641) Metric type

URI
http://id.esd.org.uk/metricType/9641
Help text
This is the number of newly born enterprises still active two years after birth in the area. A business is deemed to have survived if having been a birth in year t or having survived to year t; it is active in terms of employment and/or turnover in any part of t+1.

This data is produced from an extract taken from the Inter-Departmental Business Register (IDBR). The publication focuses on changes to the registered business population, that is, those businesses registered at HM Revenue and Customs (HMRC) for Value Added Tax (VAT) and/or Pay-As-You-Earn (PAYE) and at Companies House.

The starting point for demography is the concept of a population of active businesses in a reference year (t). These are defined as businesses that had either turnover or employment at any time during the reference period.

Figures for each period are rounded independently to the nearest 5 using controlled rounding.
Modified
09 Aug 2023
Data last updated
23 Nov 2023
Short label
No. of new enterprises active after 2 years
Status
Live
Output precision
0
Polarity
a high value is good
Measure
Enterprises
Dataset
Survival of Newly Born Enterprises
Collection
Business Demography
Source
Office for National Statistics
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