Entrepreneurs in Oxfordshire defied the economic challenges posed by the pandemic to set up a record number of new businesses last year. Latest figures show that more new businesses were established in Oxfordshire during 2020 than in any previous year – hitting a new record high for the second year in a row. Some 5,363 new companies were registered in the county compared to 5,087 during 2019, representing an increase of 5.4%. This brings the total number of registered companies in Oxfordshire to 45,071, up from 42,461 at the end of 2019, which equates to 6.1% growth. The statistics are taken from the Inform Direct Review of Company Formations using data from Companies House and the Office for National Statistics.
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