Small Business Minister Margot James delivered a speech “Supporting small business to start-up, scale-up and grow” at the UK Commercial Finance and Banking Conference in the City of London on Wednesday 11th October 2017.

Acknowledging BankSearch is the best source of Business Start Ups data the Minister said:

There is no direct measure of the number of business start-ups in the UK, but based on new business bank accounts opened, it is estimated that there were around 416,000 UK start-ups last year.
Minister Margot James

Read Minister Margot James’ speech in full here.