Choosing to set up a new business is not easy even when everything is going well, and in difficult times, it can seem impossible. But, despite the challenges of recent years – especially due to the occurrence of Brexit in 2019, followed by the economic devastation caused by Covid-19 lockdowns in 2020 – it’s been a few rough years for aspiring entrepreneurs in Hampshire.
It may be difficult to comprehend, but the numbers speak for themselves. In 2019, more than 15,000 new businesses were registered in the UK, which was a 6.5% increase from 2018; and in 2020, entrepreneurs set a new record by registering 15,534 new businesses, which was a 2.4% increase from the previous year. A closer look at these numbers reveals that Southampton had the highest number of new companies formed with 2,180, second place went to Portsmouth with 1,845 and East Hampshire followed closely with 1,814. This shows the resilience and strength of the county’s economy. With an estimated output of about £50 billion,
Hampshire is the largest sub-regional economy in the South East thereby contributing immensely to the country’s economy.
If you’re considering opening a new business in Hampshire, there are plenty of valuable resources …