In the UK, there is a total of 15,234 high-growth companies, contributing a staggering £884 billion in turnover.

Breakdown by Country:

England:

• • High-Growth Companies: 13,467 (88.4% of UK total)
  • Total Turnover: £794 billion
  • General population: 57.1m (84.59% of UK total)

England dominates both in terms of the number of high-growth companies and their total turnover, reflecting the country’s sizable population relative to the UK as a whole. This shows that England has a good economy and infrastructure for starting businesses and fostering their growth.

Scotland:

• • High-Growth Companies: 916 (6.01% of UK total)
  • Total Turnover: £51 billion
  • General population: 5.4m (8% of UK total)

Scotland, while significantly smaller in numbers compared to England, contributes a notable portion to the UK’s turnover from high-growth companies.

Northern Ireland:

• • High-Growth Companies: 410 (2.69% of UK total)
  • Total Turnover: £22 billion
  • General population: 1.9m (2.81% of UK total)

Northern Ireland, though having the lowest population than the rest of the UK has a fairly good number of high-growth companies and a commendable total turnover.

Wales:

• • High-Growth Companies: 441 (2.89% of UK total)
  • Total Turnover: £16 billion
  • General population: 3.1m (4.59% of UK total)

Wales, while having more companies than Northern Ireland, has the lowest turnover among the UK countries listed here. This suggests a smaller average turnover per high-growth company compared to other regions.

Insights:

• England: Is the leader in both the number of high-growth companies and their total turnover, reflecting its larger economy and concentration of businesses.
• Scotland and Northern Ireland: These regions, although smaller in numbers compared to England, contribute significantly to the UK’s high-growth company landscape, showcasing regional economic diversity.
• Wales: While having a substantial number of high-growth companies lags in total turnover compared to the other regions, indicating possible differences in company sizes or sectors driving growth.

Statistics source: Beauhurst and Office for National Statistics