800 new businesses and more men in part-time work
MORE than 800 businesses have been set up in Bucks this year while more men are in part-time work than before.
The latest figures show Buckinghamshire has been home to 30,310 businesses this year, up by 805 from last year, a rate below the national average.
The vast majority of these businesses have fewer than five employees (75.6 per cent) and fewer than 10 (87.5 per cent), which is the highest share of any county council area.
Rupert Waters, head of research at Buckinghamshire Business First, which interprets the data, said: “While this can be read as neither a good nor bad stat, it will be interesting as time goes on to see if these numbers increase or drop.
“Are these businesses struggling to expand, or are they surviving quite nicely within their means?”
A fifth of new businesses in the county were professional, scientific and technical sectors.
Since the start of the 2008 recession, this sector has been leading business growth in Buckinghamshire.
The statistics also show 9.2 per cent of all Buckinghamshire businesses are micro management consultancies.
Despite Buckinghamshire having the highest share of businesses with fewer than five to 10 employees, Buckinghamshire has a far smaller share of businesses with a turnover of less than £100,000 compared to most of the country.
A business in Buckinghamshire is also most likely to have a turnover of between £100,000-£249,999.
Since 2008, the number of those in part-time work has risen rapidly while those in full-time work has diminished.
The percentage increase for the number of men now in part-time work is nearly 200 per cent compared to women at about 20 per cent.
Mr Waters added: “This is relative to those already in part-time work where woman already dominate.”