More UK start-ups survive first year of business than European counterparts

Date: 15/06/15

More UK start-ups survive first year of business than European counterparts

A recent study shows more of Britain’ start-ups are surviving their first year of business than their European peers. 

The research conducted by Rosseau Associates highlights that of the 234,000 UK businesses launched in 2011, 93 per cent of start-ups survived their first year of business.  This compares to an average survival rate of 83 per cent across Europe.

Britain’s start-up scene has enjoyed considerably more robust health than Europe’s other major economies of France (79 per cent) and Germany (78 per cent), and has experienced the strongest economic growth in Europe as a whole.

This is very encouraging news for Britain’s SMEs and shows that we really are leading the way.  Despite the tough economic conditions of recent years, the recession appears to have created innovation and entrepreneurs, so Britain’s start-ups are clearly flourishing.  Add to that the recent Enterprise Bill and perhaps we will see an even higher survival rate in the coming years. 

If you are thinking of starting up a business or would like to talk about any other related issues, please contact Alan Taylor or your usual contact at the office.


Alan Taylor FCCA

Author: Alan Taylor FCCA

A former pupil at Ripley St Thomas C of E High School in Lancaster, Alan joined Scott & Wilkinson directly from school in 1994 and qualified as an Accountant in 2001. Alan is the Partner with responsibility for the day-to-day...

Read More

Share this article:


0 Comment


Nobody has commented yet. Why not add one?

Add your Comment

We have the ability to edit and/or delete posts and comments. Links should be relevant to the topics. Please note all comments are subject to review before inclusion.


Register to comment


Memberships & Accreditations

When appointing a firm of accountants it is important to check that they are appropriately registered and regulated.

Our clients can be assured that Scott & Wilkinson are registered with the Institute of Chartered Accountants in England and Wales to carry out audit work in the United Kingdom and regulated for a range of investment business activities.

We are also registered with the Chartered Institute of Taxation as a firm of Chartered Tax advisors. 

Any use of the term "partner", if used, indicates a member of Scott & Wilkinson LLP or an employee of Scott & Wilkinson LLP with equivalent standing and does not indicate that a partnership exists for the purposes of the Partnership Act 1980