Business Creation in the UK
Lead Research Organisation:
University of Kent
Department Name: Sch of Economics
Abstract
We will construct and analyse a population-wide dataset of firm creation in the UK using Companies House administrative data. We will use this data to understand the economic implications of COVID-19 on geographic regions and economic sectors of the UK. An important advantage of our project is that it provides a real-time snapshot of the state of the economy based on the entire company register for the UK economy. This coverage avoids underrepresentation or bias implicit in existing survey-based approaches. Our data can be broken down at the regional or industrial level and we can inspect the effects on business creation at a daily, weekly or monthly frequency. This coverage and granularity is our main value-added.
Organisations
| Description | We have documented firm creation in the UK economy by region and sector. This indicates the economic effect of COVID-19 on different parts of the economy. |
| Exploitation Route | The website associated with the project provides detailed analysis of the data that we develop and the ways that we analyse it. |
| Sectors | Other |
| Description | The findings have informed presentations and discussions with the central bank and civil service policymakers. |
| First Year Of Impact | 2020 |
| Sector | Other |
| Impact Types | Economic |