800 new busi­nesses and more men in part-time work

Buckinghamshire Advertiser - - NEWS -

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.”

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