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Today marks the first anniversary of the UK going into national lockdown. Many challenges in business creation occurred the last 12 months. Does the initial lockdown shock persist? Are there any changes in businesses set up? Which sector saw the most changes?

New company registrations remain strong throughout the third lockdown. There is a change in the type of new businesses set up. There are particularly strong increases in online retail businesses, food and drink, sports equipment production and pet care.

26,600 additional companies were registered in February 2021 relative to February 2019. The median daily registrations during lockdown-III is 31% higher than in lockdown-I, but almost the same as lockdown-II.

Google trends on “set up a business” in the UK follows the same trend as realised business creation.

The median daily registrations during lockdown-III is 23% higher than during lockdown-I and 4% lower than during lockdown-II.

8.93% increase in business creation from December 2020 to January 2021

19,512 additional companies were registered in January 2021 relative to January 2019. The median daily registrations during lockdown-III is 23% higher than during lockdown-I and 4% lower than during lockdown-II.

Will lockdown-III and Brexit change business creation?

17,167 additional companies registered in December 2020 relative to the equivalent period a year ago.