Skip to content

Business

 

Somerset is a predominantly small business economy. In 2020, 99.74% of businesses in Somerset employed fewer than 250 employees, with 89.97% 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 2020

 

(Background image courtesy of UKHO)
24,930
Number of Businesses (2020)
59.3%
3 Year Business Survival Rate (Births 2016)
6.24%
Business Growth 2015-2019

Briefings and documents

View all documents