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Business

 

Somerset is a predominantly small business economy. In 2018, 99.8% of businesses in Somerset employed fewer than 250 employees, with 89.6% of those employing fewer than 10 people.

The number of businesses has been growing steadily in recent years, though at roughly half the rate seen nationally. 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.

 

(Background image courtesy of UKHO)
24,240
Number of Businesses
65.5%
3 Year Business Survival Rate
6.9%
Business Growth 2013-2017

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