LATEST figures show that 675 new businesses were started in Redditch in 2021 – in the middle of the pandemic.
That takes the total for the town to 5,083 as the country and businesses faced an incredibly challenging year.
In total 7,361 new companies were registered in the county over 2021 taking the total number of registered companies in Worcestershire to 42,443 at the end of 2021.
The statistics come from the Inform Direct Review of Company Formations using data from Companies House and the Office for National Statistics.
Wyre Forest formed the highest number of new businesses (2,007), followed by Wychavon (1,825) and Bromsgrove (1,148).
John Korchak, operations director at Inform Direct said: “It is excellent news to see that Worcestershire has achieved a successful year for business growth despite the continuing challenges of the pandemic.
“Year on year, recording an impressive number of new formations within the county demonstrates an active economy, with entrepreneurs motivated to invest in new businesses which meet current and emerging demands for goods or services.
“The overall picture for the UK as a whole is also an optimistic one with the total number of companies now exceeding five million for the very first time.”
But it’s not all good news: whilst company formations grew, the number of dissolutions across the UK – 606,912 during 2021 – hit a record high.
