New figures show that Yorkshire and the Humber experienced another dip in business start-up activity in November.
Data from Creditsafe, analysed by the UK’s insolvency and restructuring trade body R3, shows 4,009 new businesses were launched in Yorkshire and the Humber in November, down from 4,709 in October, a 15% month-on-month decrease.
While start-up activity fell across every UK region, larger month-on-month drops were seen in the East and West Midlands and the North West which all saw 22% declines.
Insolvency-related activity in Yorkshire, including liquidator and administrator appointments and creditors’ meetings, also decreased in November. The region saw 218 cases, down from 258 in October, representing a 16% decline.
Nationally, insolvency activity also fell in most regions, with notable reductions in the East Midlands (-24%), the West Midlands (-22%) and the South East (-22%).
Dave Broadbent, chair of R3 in Yorkshire and partner at Begbies Traynor, said: “Yorkshire’s businesses are continuing to face tough trading conditions, and it’s no surprise to see that new business creation has slowed again.
“While we have also seen a fall in insolvency-related activity this month, pressures around cashflow, business costs and the rising cost of living remain very real for many firms across the region, with smaller businesses bearing the brunt. Uncertainty in the lead up to the Autumn Budget is likely to have also had a negative impact on the business start-up rate in November.
“As we move into 2026, it’s vital that business owners monitor their financial position closely and act early if they see signs of distress. Taking advice early on can make a significant difference, whether that’s by helping to steady the ship or by providing more options if financial problems escalate.”
He added: “Yorkshire’s business community is resourceful and resilient, and that gives us confidence in the region’s ability to adapt and respond as the economic landscape evolves.”
