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1299962
registered interest false more like this
date less than 2021-03-05more like thismore than 2021-03-05
answering body
Department for Business, Energy and Industrial Strategy more like this
answering dept id 201 more like this
answering dept short name Business, Energy and Industrial Strategy more like this
answering dept sort name Business, Energy and Industrial Strategy more like this
hansard heading Small Businesses: Closures more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Business, Energy and Industrial Strategy, how many small businesses closed in each financial year from 2010-11 to date. more like this
tabling member constituency Oldham East and Saddleworth more like this
tabling member printed
Debbie Abrahams more like this
uin 163694 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2021-03-10more like thismore than 2021-03-10
answer text <p>Data on business closures by size of business are not available. The data provided below covers all registered business closures in the UK for the periods specified.</p><p> </p><p>According to the business counts published in 2020 by the Office for National Statistics in <a href="https://www.ons.gov.uk/businessindustryandtrade/business/activitysizeandlocation/bulletins/ukbusinessactivitysizeandlocation/2020" target="_blank">UK business: activity, size and location</a>, 98.1% of all registered business are small (0 to 49 employees). Therefore, the vast majority of business closures are very likely to be small businesses.</p><p> </p><p>Data on business closures over the <strong>last 3 financial years</strong> are shown in table 1:</p><p> </p><p> </p><p><em><strong>Table 1: Number of business closures by financial year, all registered businesses</strong></em></p><table><tbody><tr><td><p><strong>Financial Year</strong></p></td><td><p><strong>Number of business closures</strong></p></td></tr><tr><td><p>2019/2020</p></td><td><p>383,000</p></td></tr><tr><td><p>2018/2019</p></td><td><p>348,000</p></td></tr><tr><td><p>2017/2018</p></td><td><p>351,000</p></td></tr></tbody></table><p><em>Source: Office for National Statistics: <a href="https://www.ons.gov.uk/businessindustryandtrade/business/activitysizeandlocation/bulletins/businessdemographyquarterlyexperimentalstatisticsuk/apriltojune2020" target="_blank">Business Demography, quarterly experimental statistics, UK</a> </em></p><p> </p><p> </p><p>Prior to 2017 data are only available for calendar years, rather than financial years. The number of closures in each <strong>calendar year </strong>is shown in table 2:</p><p> </p><p> </p><p><em><strong>Table 2: Number of business closures by calendar year, all registered businesses</strong></em></p><table><tbody><tr><td><p><strong>Calendar year</strong></p></td><td><p><strong>Number of business closures</strong></p></td></tr><tr><td><p>2019</p></td><td><p>336,000</p></td></tr><tr><td><p>2018</p></td><td><p>311,000</p></td></tr><tr><td><p>2017</p></td><td><p>346,000</p></td></tr><tr><td><p>2016</p></td><td><p>281,000</p></td></tr><tr><td><p>2015</p></td><td><p>282,000</p></td></tr><tr><td><p>2014</p></td><td><p>246,000</p></td></tr><tr><td><p>2013</p></td><td><p>238,000</p></td></tr><tr><td><p>2012</p></td><td><p>252,000</p></td></tr><tr><td><p>2011</p></td><td><p>230,000</p></td></tr><tr><td><p>2010</p></td><td><p>277,000</p></td></tr></tbody></table><p><em>Source: Office for National Statistics: <a href="https://www.ons.gov.uk/businessindustryandtrade/business/activitysizeandlocation/bulletins/businessdemography/previousReleases" target="_blank">Business demography, UK statistical bulletin</a> </em></p><p> </p>
answering member constituency Sutton and Cheam more like this
answering member printed Paul Scully more like this
question first answered
less than 2021-03-10T15:12:40.927Zmore like thismore than 2021-03-10T15:12:40.927Z
answering member
4414
label Biography information for Paul Scully more like this
tabling member
4212
label Biography information for Debbie Abrahams more like this