Portsmouth: City has one of worst business survival rates
17 December 2019
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Portsmouth has one of the worst records for business survival rates, new figures show. By contrast, Bournemouth has one of the best.
The city with the best survival is Bristol, with 44.4% of new startups surviving to the five-year mark, backed by an economy built on industries such as creative media, electronics and aerospace.
The only other cities to show a higher survival rate than the national average were Brighton and Hove (44.1%) and Leeds (42.9%).
| Rank | Town / City | New Startups In 2013 | 5 Year Survivals | 5 Year Survival Rate |
| 1 | Bristol | 2,570 | 1,140 | 44.36% |
| 2 | Brighton and Hove | 1,960 | 865 | 44.13% |
| 3 | Leeds | 3,895 | 1,670 | 42.88% |
| 4 | Sheffield | 2,145 | 915 | 42.66% |
| 5 | Cardiff | 1,665 | 705 | 42.34% |
| 6 | Bournemouth | 910 | 385 | 42.31% |
| 7 | Edinburgh | 2,730 | 1,150 | 42.12% |
| 8 | Bolton | 1,380 | 580 | 42.03% |
| 9 | Bradford | 2,250 | 945 | 42.00% |
| 10 | Aberdeen | 1,445 | 605 | 41.87% |
UK cities with the Worst five-year business survival rates
At the other end of the scale, Plymouth is the city that has the lowest startup survival rate in the UK, with less than one in three (30.7%) new ventures lasting five years or more.
| Rank | Town / City | New Startups In 2013 | 5 Year Survivals | 5 Year Survival Rate |
| 26 | Glasgow City | 2,830 | 1,060 | 37.46% |
| 27 | Northampton | 1,445 | 520 | 35.99% |
| 28 | Liverpool | 2,250 | 805 | 35.78% |
| 29 | Portsmouth | 905 | 320 | 35.36% |
| 30 | Plymouth | 1,090 | 335 | 30.73 |
The full research can be seen here:
