New business registrations in Yorkshire and the Humber increased by 35% in January 2025, while insolvency-related activity dropped by 30%, according to new data from the UK’s insolvency and restructuring trade body, R3.
The region saw 4,375 new businesses launch in January, up from 3,235 in December. This rebound follows a 16% decline in start-ups at the end of 2024. Meanwhile, insolvency-related events—including liquidations, administrations, and creditors’ meetings—fell after a slight uptick in December.
The trend was reflected across the UK, with business formations rising in all regions. The East Midlands saw a 37% increase, while East Anglia recorded a 36% jump. Northern Ireland experienced the slowest growth at 14% and was the only region where insolvency-related activity increased by 50%. The East Midlands had the steepest drop in insolvencies, down 43%.
The figures indicate renewed business confidence across the UK, particularly in Yorkshire and the Humber, where entrepreneurs are taking advantage of improving economic conditions.
