East of England unveiled as the trade business capital of the UK Tradesbusiness hotspots

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%

Northern Ireland

56,600

8.8%

South West

195,890

8.2%

South East

337,385

8.2%

East Midlands

150,585

7.6%

Yorkshire and The Humbers

168,905

7.4%

West Midlands

150,585

7.2%

Wales

147,300

7.2%

North East

145,200

6.9%

North West

86,840

6.7%

London

400,710

6.7%

Scotland

147,300

6.1%

United Kingdom

2,173,355

7.5%

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/

For further information please contact:

Citigate Dewe Rogerson
Antonia Green
Tel: 020 7282 2967
Email: antonia.green@citigatedr.co.uk

Direct Line for Business
Jade Trimbee
PR Manager
Tel: 01372 839 452
Mobile: 07825 315 931
Email: jade.trimbee@directlinegroup.co.uk

Direct Line for Business

Launched in 2007 Direct Line for Business provides a range of insurance products for the small business sector direct by phone or on-line.

Direct Line for Business insurance policies are underwritten by U K Insurance Limited, Registered office: The Wharf, Neville Street, Leeds LS1 4AZ. Registered in England and Wales No 1179980. U K Insurance Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

Direct Line for Business and U K Insurance limited are both part of Direct Line Insurance Group plc.

Customers can find out more about Direct Line for Business products or get a quote by calling 0345 301 4827 or visiting www.directlineforbusiness.co.uk

Public Liability Insurance Press Release

Added: 1st June 2017