1、1.Business and Venture Creation in the UKNew Startup Index H1 2024Supported byContents06.Quarterly incorporations01.Foreword07.Regional incorporation analysis02.Executive summary08.Company spotlight:Foudys09.Data sources and limitations04.NatWests AcceleratorNew company formations05.10.About usThe U

2、Ks potential for growth is made clear by the findings of this report on new company incorporations.468,000 companies have been established in the first half of 2024,a testament to the UKs enduring entrepreneurial spirit.And when we look back at 2023,another 879,000 new businesses started up.Across t

3、he UK,NatWest Group is helping more businesses get started than any other bank,*which is why I believe our role is so important.Small businesses are the lifeblood of our economy,accounting for three-fifths of employment and about half of the private sectors turnover.If these new businesses are given

4、 the right conditions to succeed,they could significantly boost the UK economy.Leveraging our capabilities as a bank to support entrepreneurs is vital to our aim to accelerate regional growth and offer better economic opportunities to people across the UK.Almost ten years ago,NatWest launched a free

5、 business accelerator programme to give ambitious businesses the support they needed to grow.In our 12 accelerator hubs across the UK,entrepreneurs are given a strong start with access to expert coaching,networking opportunities and events,as well as use of our dedicated office space.This simple for

6、mula of support has become the fuel which seeks to drive these businesses forwardhelping them to secure investment,grow their teams and move into new markets.Alongside the publication of this report,I am proud to share new analysis which has found that businesses on the NatWest accelerator programme