Hounslow & Harrow best for growth

Hounslow and Harrow are the best performing West London boroughs in a table showing business growth over the past two years.

The table, which show figures just released by the Office for National Statistics, shows the growth in the total number of active businesses between 2009 and 2011. Formation has exceeded closure in all but one London Borough, but the rate of growth varies widely across the capital.

East London dominates the top of the table, with Hounslow as the best placed western borough at tenth in the list. Harrow is just behind. Hammersmith & Fulham only just showed growth, and is ahead of only Kensington & Chelsea.

The figures reflect rapid growth in new businesses in East London during the past two years, and a much more static picture in the rest of the city. The national figure is a growth of 10%, however, this is likely to reflect a rapid browth in self-employment following redundancy.

Full Table:

Shows total number of active businesses (i.e. those reporting turnover and completing VAT returns). Figures from ONS.

2009 2011                 +/-
Newham 6160 7195 16.8%
Redbridge 9435 10475 11.0%
Waltham Forest 7185 7940 10.5%
Barking and Dagenham 3895 4280 9.9%
City of London 14895 16250 9.1%
Greenwich 6695 7290 8.9%
Southwark 13240 14410 8.8%
Hackney 11230 12150 8.2%
Tower Hamlets 11880 12850 8.2%
Hounslow 10090 10895 8.0%
Harrow 11050 11905 7.7%
Haringey 9315 10005 7.4%
Barnet 19920 21205 6.5%
Merton 8800 9355 6.3%
Croydon 12090 12700 5.0%
Bexley 6900 7245 5.0%
Sutton 6915 7240 4.7%
Enfield 10490 10980 4.7%
Hillingdon 10090 10525 4.3%
Camden 25175 25930 3.0%
Ealing 14150 14570 3.0%
Brent 12475 12835 2.9%
Lewisham 7635 7845 2.8%
Islington 14010 14395 2.7%
Westminster 47010 48240 2.6%
Kingston upon Thames 7620 7770 2.0%
Bromley 12880 13080 1.6%
Richmond upon Thames 12170 12340 1.4%
Wandsworth 15270 15455 1.2%
Lambeth 11360 11480 1.1%
Havering 8100 8170 0.9%
Hammersmith and Fulham 11850 11915 0.5%
Kensington and Chelsea 12335 12265 -0.6%
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