Spatial Incidence of High Growth Firms
High-Growth Firms (HGFs) are a very small proportion of the UK business population yet they have a disproportionate impact on job creation. We present data at local economic area level over time to show that there is a very distinct geography emerging for the incidence rate of HGFs since the recession.
Number of high growth firms – seen as indicator of economic health – reaches nearly 12,000, highest level since the dotcom boom.
The number of companies achieving high growth in the nations and regions of the UK is rising more than twice as fast as in London, new research suggests.
Analysis by the Enterprise Research Centre (ERC), shows that the number of ‘high-growth firms’ (HGFs) across the UK has risen to 11,855 – the largest number since the dotcom boom of the early 2000s.