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New enterprises 2-year survival rate (9642) Metric type
- Help text
- This is the proportion 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.
Proportions are based on figures rounded independently to the nearest 5 units.
- Modified
- 09 Aug 2023
- Data last updated
- 23 Nov 2023
- Short label
- New enterprises 2-year survival rate
- Status
- Live
- Output precision
- 1
- Polarity
- a high value is good
- Measure
- Survival rate
- Dataset
- Survival of Newly Born Enterprises
- Collection
- Business Demography
- Source
- Office for National Statistics
- is found in the following lists
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