Provides the latest modelled data on the impact and scale of tourism to Devon.
Somerset is a predominantly small business economy. In 2022, 99.76% of businesses in Somerset employed fewer than 250 employees, with 90.02% of those employing fewer than 10 people.
The number of businesses has grown in recent years, at a slower rate seen nationally and regionally. At the same time, longer-term businesses survival rates (beyond two years) are marginally higher in Somerset than is the case nationally.
Being a rural county, Somerset has a far greater proportion of businesses in agriculture, forestry and fishing than is the case nationally. Conversely, it has a notably smaller proportion of businesses in professional, scientific and technical activities, as well as in information and communication.
Source: ONS, NOMIS, UK Business Counts 2022