Theme 5: Entrepreneurship

///Theme 5: Entrepreneurship
Theme 5: Entrepreneurship 2017-01-04T14:49:06+00:00

Business Start-up Rate

Northern Ireland has lowest business birth rate of all the UK regions.

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Total Entrepreneurial Activity

NI’s TEA rate decreased in 2015, and is now the lowest rate in the UK.

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High Growth Firm Rate

The number of high growth firms increased but is still below its peak level.

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Private Equity & Bank Lending

Both the number of NI firms undertaking investment and the amount invested have increased in 2015.

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Scaling of Businesses to £1m

NI has the highest proportion of surviving start-ups that reach £1m turnvoer within 3 years of the UK nations.

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Scaling of Businesses to £3m

NI had a lower proportion of existing firms in 2011 with turnover of between £1-2million able to scale up to £3 million by 2014 than other UK nations.

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