{"id":15820,"date":"2024-08-27T08:00:50","date_gmt":"2024-08-27T07:00:50","guid":{"rendered":"https:\/\/www.thebusinessdesk.com\/south-west\/?p=15820"},"modified":"2024-08-27T08:05:17","modified_gmt":"2024-08-27T07:05:17","slug":"15820","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820","title":{"rendered":"New start-ups fall in South West"},"content":{"rendered":"<p>The South West was one of only two UK regions to see a fall in the number of businesses being started in the first half of 2024.<\/p>\n<p>The region saw a slight drop of 0.85%, while Wales was down 9.99%, according to the New Startup Index published by Beauhurst and supported by NatWest.<\/p>\n<p>The other 10 regions all saw an increase, led by Northern Ireland, which had an 92% jump. This was partly caused by retail businesses set up to trade online.<\/p>\n<p>Paul Thwaite, NatWest group chief executive, said: \u201cThe UK\u2019s potential for growth is made clear by the numbers of people now starting their own businesses. Small businesses are the lifeblood of our economy, accounting for three-fifths of employment and about half of the private sector\u2019s turnover. If these new businesses are given the right conditions to succeed, they could significantly boost the UK economy.&#8221;<\/p>\n<p>468,000 firms started up in the first half of 2024. This brings the number of companies operating in the UK to 5.47m. The South West was home to 23,000 new businesses, which keeps it slightly ahead of the East Midlands and Scotland.<\/p>\n<p>Henry Whorwood, managing director at Beauhurst, said: \u201cCertain aspects of the economy are firing on all cylinders. UK entrepreneurs are still starting lots of new businesses. This may mark the beginning of a new normal with higher rates of entrepreneurship in the UK economy than known previously.\u201d<\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-15821\" src=\"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_24\/NatWest-New-Startup-Index-regional-split.jpg\" alt=\"\" width=\"755\" height=\"526\" srcset=\"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_24\/NatWest-New-Startup-Index-regional-split.jpg 755w, https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_24\/NatWest-New-Startup-Index-regional-split-300x209.jpg 300w, https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_24\/NatWest-New-Startup-Index-regional-split-200x139.jpg 200w, https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_24\/NatWest-New-Startup-Index-regional-split-500x348.jpg 500w, https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_24\/NatWest-New-Startup-Index-regional-split-600x418.jpg 600w\" sizes=\"(max-width: 755px) 100vw, 755px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Region was one of only two to see a drop in the first half of 2024<\/p>\n","protected":false},"author":18,"featured_media":15822,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[120667],"coauthors":[81],"class_list":["post-15820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smes","tag-featured-story"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New start-ups fall in South West - South West<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New start-ups fall in South West - South West\" \/>\n<meta property=\"og:description\" content=\"Region was one of only two to see a drop in the first half of 2024\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820\" \/>\n<meta property=\"og:site_name\" content=\"South West\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-27T07:00:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-27T07:05:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_24\/Paul-Thwaite-NatWest-CEO-e1724742034581.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"412\" \/>\n\t<meta property=\"og:image:height\" content=\"274\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Turner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alex Turner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820\",\"url\":\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820\",\"name\":\"New start-ups fall in South West - South West\",\"isPartOf\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_24\/Paul-Thwaite-NatWest-CEO-e1724742034581.jpg\",\"datePublished\":\"2024-08-27T07:00:50+00:00\",\"dateModified\":\"2024-08-27T07:05:17+00:00\",\"author\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820#primaryimage\",\"url\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_24\/Paul-Thwaite-NatWest-CEO-e1724742034581.jpg\",\"contentUrl\":\"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_24\/Paul-Thwaite-NatWest-CEO-e1724742034581.jpg\",\"width\":412,\"height\":274,\"caption\":\"NatWest CEO Paul Thwaite\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.thebusinessdesk.com\/south-west\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New start-ups fall in South West\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/#website\",\"url\":\"https:\/\/www.thebusinessdesk.com\/south-west\/\",\"name\":\"South West\",\"description\":\"Regional business news for South West\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.thebusinessdesk.com\/south-west\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d\",\"name\":\"Alex Turner\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.thebusinessdesk.com\/south-west\/#\/schema\/person\/image\/78a21fc2ed768148b316e904976a1633\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g\",\"caption\":\"Alex Turner\"},\"url\":\"https:\/\/www.thebusinessdesk.com\/south-west\/news\/author\/alexturner\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"New start-ups fall in South West - South West","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820","og_locale":"en_GB","og_type":"article","og_title":"New start-ups fall in South West - South West","og_description":"Region was one of only two to see a drop in the first half of 2024","og_url":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820","og_site_name":"South West","article_published_time":"2024-08-27T07:00:50+00:00","article_modified_time":"2024-08-27T07:05:17+00:00","og_image":[{"width":412,"height":274,"url":"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_24\/Paul-Thwaite-NatWest-CEO-e1724742034581.jpg","type":"image\/jpeg"}],"author":"Alex Turner","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alex Turner","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820","url":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820","name":"New start-ups fall in South West - South West","isPartOf":{"@id":"https:\/\/www.thebusinessdesk.com\/south-west\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820#primaryimage"},"image":{"@id":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820#primaryimage"},"thumbnailUrl":"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_24\/Paul-Thwaite-NatWest-CEO-e1724742034581.jpg","datePublished":"2024-08-27T07:00:50+00:00","dateModified":"2024-08-27T07:05:17+00:00","author":{"@id":"https:\/\/www.thebusinessdesk.com\/south-west\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d"},"breadcrumb":{"@id":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820#primaryimage","url":"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_24\/Paul-Thwaite-NatWest-CEO-e1724742034581.jpg","contentUrl":"https:\/\/www.thebusinessdesk.com\/_files\/images\/aug_24\/Paul-Thwaite-NatWest-CEO-e1724742034581.jpg","width":412,"height":274,"caption":"NatWest CEO Paul Thwaite"},{"@type":"BreadcrumbList","@id":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/15820-15820#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.thebusinessdesk.com\/south-west\/"},{"@type":"ListItem","position":2,"name":"New start-ups fall in South West"}]},{"@type":"WebSite","@id":"https:\/\/www.thebusinessdesk.com\/south-west\/#website","url":"https:\/\/www.thebusinessdesk.com\/south-west\/","name":"South West","description":"Regional business news for South West","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.thebusinessdesk.com\/south-west\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/www.thebusinessdesk.com\/south-west\/#\/schema\/person\/bb22271482a44cfd8737315c2eb01c2d","name":"Alex Turner","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.thebusinessdesk.com\/south-west\/#\/schema\/person\/image\/78a21fc2ed768148b316e904976a1633","url":"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b96b4b4b2d6de0a47dc65a6ffeab2a69?s=96&d=mm&r=g","caption":"Alex Turner"},"url":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/author\/alexturner"}]}},"_links":{"self":[{"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/posts\/15820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/comments?post=15820"}],"version-history":[{"count":3,"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/posts\/15820\/revisions"}],"predecessor-version":[{"id":15825,"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/posts\/15820\/revisions\/15825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/media\/15822"}],"wp:attachment":[{"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/media?parent=15820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/categories?post=15820"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.thebusinessdesk.com\/south-west\/wp-json\/wp\/v2\/coauthors?post=15820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}