Business growth

Proportion of businesses that are growing

About 1.8% of 2015 business start-ups in the North East LEP area with initial turnovers of less than £500,000 survived to 2018 and had turnovers that had grown to more than £1 million. This is below the English average (2.0%) and is the 4th highest among the 8 core city LEPs.


About 7.0% of North East LEP businesses with turnover of £1 million to £2 million in 2015 had increased it to £3 million or more in 2018. This was below the English average of 7.6% and was the 3rd lowest percentage of the 8 core city LEPs.

Business start ups in 2015 (turnover <£500k in 2015) that survived to 2018 and increased turnover to £1 million plus (%)

Last updated:
19/11/2019
Published by:
North East LEP

Source: UK Local Growth Dashboard (Enterprise Research Centre, last updated 9 September 2019)

Data information: Based on core city LEPs and England


Businesses (born before 2015) with £1-2 million turnover in 2015 that had £3 million plus turnover in 2018 (%)

Last updated:
19/11/2019
Published by:
North East LEP

Source: UK Local Growth Dashboard (Enterprise Research Centre, last updated 9 September 2019)

Data information: Based on core city LEPs and England