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Book Chapter10.1017/cbo9780511898396.004

Spatial variations in new firm formation in the United Kingdom: comparative evidence from Merseyside, Greater Manchester and South Hampshire

P. E. Lloyd,Colin Mason-1985-11-21-Cambridge University Press eBooks
6

TL;DRAbstract

From the very limited evidence available, it appears that the number of new firms started each year in the UK has been rising since 1974, and has continued to rise during the present recession (Bannock, 1981; Binks and Coyne, 1983). This fact has been cited as evidence of success by a Conservative Government seeking to promote the creation of a new ‘climate of enterprise’ in order to ‘encourage people who would like to have a go and build up their own business’ (John MacGregor, Under Secretary of State for Industry, Daily Telegraph, 5.10.81). In reality, however, such statistics present a picture of trends in the new firm sector which at best is deficient and which may even be seriously misleading. The increasing number of new firms has, for example, been accompanied by a sharp rise in numbers of company deaths (Bannock, 1981; Woods, 1982; British Business, 1983). While total numbers of company registrations have been slowly increasing in recent years, the rate of registration has been

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From the very limited evidence available, it appears that the number of new firms started each year in the UK has been rising since 1974, and has continued to rise during the present recession (Bannock, 1981; Binks and Coyne, 1983). This fact has been cited as evidence of success by a Conservative Government seeking to promote the creation of a new ‘climate of enterprise’ in order to ‘encourage people who would like to have a go and build up their own business’ (John MacGregor, Under Secretary of State for Industry, Daily Telegraph, 5.10.81). In reality, however, such statistics present a picture of trends in the new firm sector which at best is deficient and which may even be seriously misleading. The increasing number of new firms has, for example, been accompanied by a sharp rise in numbers of company deaths (Bannock, 1981; Woods, 1982; British Business, 1983). While total numbers of company registrations have been slowly increasing in recent years, the rate of registration has been

Keywords

KingdomGeographyEconomic geographyRegional scienceGeologyPaleontology

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