• Register
Return to: Home > News > Mid Tier > Wales Northern Ireland and Scotland lagging behind rest of the UK in company formation

Wales Northern Ireland and Scotland lagging behind rest of the UK in company formation

A study by UHY Hacker Young has found that 18 out of bottom 20 areas for new business births in the UK are in Wales, Northern Ireland and Scotland, a statistic the firm attributed to a lack of support from the government.

UHY Hacker Young partner in the London office Colin Jones talking to the BBC Today program said that it was down to a lack of support and opportunity in those regions and government should do more to facilitate and encourage new businesses.  Jones argued that the government’s efforts in supporting areas such as the so-called ‘Silicon Roundabout’ cluster of technology businesses around London’s Old Street, and the Northern Powerhouse project should be expended to other parts of the country.

“There are things that government can do to provide facilities to make sure that the infrastructure is in place for companies to do the best that they can do and at the moment I don’t think that the coverage across the UK is there hence why we see the Celtic fringe is falling behind,” he said

The report is available online

Top Content

    The UK: uncertain waves rule Britannia

    he UK’s accountancy profession is currently in a period of much uncertainty. The Competition and Markets Authority (CMA) has released its review into the listed audit market which could cause the biggest shake-up the profession has seen in years, the Kingman Review has described the Financial Reporting Council (FRC) as not being fit for purpose and called for it to be replaced. All the while the country remains in a deadlock on Brexit negotiations.

    read more

    Views from the Eurozone

    With Brexit looming, populist governments gaining footholds in a number of countries and movements such as the Yellow Jacket protests in France, 2018 was anything but a quite year for the eurozone. Here leaders report to the IAB on their markets.

    read more

    Eastern promise and how to find it

    With China rising as a global power, Jonathan Minter spoke with ShineWing’s Zhang Ke and Marco Carlei at the World Congress of Accountants 2018 in Sydney, to discuss the cultural challenges that occur when Chinese networks look beyond their border, and the dividends available for those who overcome them.

    read more

    Spain: looking to widen demand

    As Spanish accounting professionals prepare for new audit regulations, the Paul Golden asks what they need to do individually and at firm level to maintain and increase demand for their services.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.