The number of registered companies in South Yorkshire has reached a record high, rising to 75,130 from 73,897 at the end of 2023. Over the past year, 11,673 new businesses were established, with Sheffield leading the way (4,792), followed by Doncaster (3,415) and Rotherham (2,064), according to data from Companies House and the Office for National Statistics.
Nottinghamshire has also seen strong business growth, reflecting a wider trend across the East Midlands. The increase comes despite economic uncertainty linked to regulatory changes, the upcoming General Election, and external factors such as global instability.
Nationally, business formations reached a record 5,637,210, up from 5,476,772 in 2023. While 848,192 new businesses were registered across the UK, 690,501 were dissolved. The data highlights ongoing resilience among UK businesses, even in a challenging economic climate.
