East of England unveiled as the trade business capital of the UK
- Trade businesses boom in East of England with this category of enterprise accounting for nine per cent of all the region’s microbusinesses
- Scotland has the lowest proportion of trade businesses, with six per cent of all micro businesses being trade-focussed
- Over seven per cent of UK micro businesses are in the trade industry
London, 1 June 2017: New analysis from business insurer Direct Line for Business1 reveals the East of England is the ‘Trade Business Capital’ of the UK, with one in eleven (nine per cent) of the region’s micro businesses focussed on trades such as plastering, plumbing and construction work.
Of all the trade businesses in the East of England, constructors of residential and non-residential buildings are most common (26 per cent), followed by plumbers (20 per cent) and building developers (13 per cent). Northern Ireland has the second highest percentage of trade businesses in the UK regions, followed by the South West eight per cent) and South East (eight per cent). In contrast to this, trade businesses in Scotland make up the lowest percentage of micro businesses (six per cent) in the UK.
Table One: Share of the UK’s trade businesses when comparing all regional microbusinesses
|Region||Number of microbusinesses||Trade businesses as a percentage of all microbusinesses|
|East of England||216,700||9.2%|
|Yorkshire and The Humbers||168,905||7.4%|
Source: Analysis by Direct Line for Business
Matt Boatwright, Head of Direct Line for Business said: “Trade businesses are the heartbeat of this country especially with the emergence of new property hotspots outside of London2. It’s fantastic to see these businesses continuing to thrive, with regions like the East of England and Northern Ireland boasting the highest proportion of trade businesses.
“Our research shows there are pockets of the UK, where local residents can benefit from the wealth of new plastering, plumbing and other trade focussed suppliers. These trade business hotspots contribute to key sectors like construction, which in turn help to fuel UK economy growth.”
For further details on Direct Line for Business visit https://www.directlineforbusiness.co.uk/public-liability-insurance
Notes to Editors
1 Direct Line for Businesses’ analysis of ONS data covering the counts of micro employment size band classification (0-9 employees) enterprises, broken down by country and region for 2015
2 Direct Line for Business analysis of the Hometrack UK Cities House Price Index, February 2017, https://www.hometrack.com/uk/insight/uk-cities-house-price-index/
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Launched in 2007 Direct Line for Business provides a range of insurance products for the small business sector direct by phone or on-line.
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