# UK entrepreneurship returns – increase in new business creation back to pre-pandemic level
Published: 2022-05-25
Category: News
Category URL: https://business.express/category/news/
Meta Title: Uk Entrepreneurship Returns Increase In New Business
URL: https://business.express/uk-entrepreneurship-returns-increase-in-new-business-creation-back-to-pre-pandemic-level/

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- _5% increase in number of new businesses created in past 12 months_

**_London, 19_** **_th_** **_May 2022_** **:** The number of new businesses founded has grown for the first time since the pre-pandemic era, according to [ECI Partners](http://www.ecipartners.com/), the leading growth-focused mid-market private equity firm.

According to figures from the ONS, a total number of 401,435 new businesses were created in the UK in the past twelve months\*, up 5% from the 381,015 created in 2020/21. This is the fastest rate of growth for new business creation since before the pandemic, signalling a return in business confidence (see graph below).

![](https://prod.superblogcdn.com/site_cuid_cm5qsmfaw001wwirgq3ggueqg/images/image001-1737030479494-compressed.jpg)

UK entrepreneurs have shown their resilience during the past two years and the rise in business creation demonstrates the optimistic outlook for business growth in the UK.

**Tom Wrenn, Managing Partner at ECI Partners, comments:**

_“It’s fantastic to see that entrepreneurship is growing and there is a resurgence of new business creation after the past two years._

_“Entrepreneurs are the backbone of the UK economy and integral to our growth, so it’s important that we continue to foster an environment which encourages innovation.”_


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