HC Deb 23 July 2004 vol 424 c753W
Mr. Norman

To ask the Secretary of State for Trade and Industry how many technology business start-ups there were in each year since 1995. [185332]

Nigel Griffiths

DTI figures based solely on VAT registrations in technology industries are shown as follows for the period 1995 to 2002. Data for 2003 will be available in Autumn 2004.

UK VAT registrations: 1995–2002
Technology industries
1995 17,315
1996 20,410
1997 26,740
1998 30,600
1999 22,220
2000 23,755
2001 19,180
2002 15,860
Business Start-ups and Closures;
VAT Registrations and De-registrations 1994–2002;
Small Business Service, www.sbs.gov.uk/analytical/statistics/ vatstats. php

VAT registrations and de-registrations do not capture all start-up activity. Businesses are unlikely to be registered if they fall below the compulsory VAT threshold, which has risen in each year since 1995. Similarly, businesses that de-register will not necessarily have closed. Only 1.8 million out of 3.8 million enterprises were registered for VAT at the start of 2002.

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