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Barclays small business survey Q3

The number of UK start-ups in the third quarter of 2003 was 14 per cent lower than in the same period last year. But this decline is more reflective of the relatively high level of new businesses in 2002 rather than any subsequent deterioration in economic conditions, according to the latest Barclays Small Business Survey.

The survey predicts that UK start-ups are likely to climb to just over 100,000 per quarter in the next 12 months data, if GDP picks up as expected from this year’s level of around two per cent to 2.5 per cent in 2004.

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Barclays Small Business Surveys provide a quarterly update on the number of businesses starting up and closing in the small business sector. This publication also covers a wide range of economic and business news, specifically focusing on current issues affecting the sector, highlighting the opportunities and threats for small business owners. For further information, please visit www.business.barclays.co.uk