Start-ups rate in Manchester climb 10 per cent

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In the North West as a whole, growth rates for female-only start-ups outstripped those started by males – up 12 per cent and 4 per cent respectively

9:08 am, April 15, 2009
Start-ups rate in Manchester climb 10 per cent

By Michael Fahy

The number of new business start-ups in Manchester rose by more than 10 per cent in 2008 to 7,100, according to Barclays Bank.

The bank’s head of local business, Paul Titterton, said that despite the worsening economic climate, the figures showed that “there are always opportunities, even in challenging times”.

“There could be a number of reasons for the robust start-up market, including individuals being made redundant having opted for self-employment,” he said.

In the North West as a whole, growth rates for female-only start-ups outstripped those started by males – up 12 per cent and 4 per cent respectively. However, the actual number of business started by men (38,900) outweighed those started by women (13,700).

”We know from our Let’s Talk Starting in Business seminars that almost half of people attending are women, which is a notably high percentage considering men still make up the majority of all start ups,” said Titterton.

COMMENTS? mfahy@crain.com