Health and social care ‘most-successful industry’ for British businesses

  • 27th November 2024

New research has revealed the best-growing industries for businesses in the UK, with health and social care top of the table.

Experts at MRP software for small manufacturers, MRPeasy, collected business birth and death data from the Office for National Statistics to calculate each industry’s success rate from 2022-024.

And, at the top of the ranking, is the health and social care industry, where businesses have grown by 8.06% since 2022.

This means that 8,540 new businesses have succeeded in this industry and they now make up 4.26% of all businesses in the UK and 3.89% of all business births in the two-year period.

Businesses in this industry are involved in any hospital, dental, or medical activities, medical nursing at home, any form of residential care and social work, or children’s daycare activities.

In second place is the real estate industry, with a growth rate of 5.06% between 2022-2024.

There have been 5,620 new business registrations in this industry and they have grown to account for approximately 4.34% of all British businesses and 3.67% of total business births.

These businesses are establishments involved in Real Estate activities, such as buying, selling, renting, letting or operating real estate such as conference centres and private housing.

Businesses in the Education industry have grown by 3.27%, making them the third most successful. The Education industry has seen 1,535 new businesses prosper since 2022, now comprising 1.80% of all businesses and 1.62% of business births.

Top 5 Best industries for British businesses

Rank Industry % Growth
1 Health and Social Care +8.06%
2 Real Estate +5.06%
3 Education +3.27%
4 Construction +1.93%
5 Arts, Entertainment, Recreation and Other Services +1.83%

In third and fourth places are the education and construction sectors; while at the bottom of the chart is transportation and storage, losing 16.51% of businesses in the period covered by the research.

Commenting on the findings, Karl Heinrich Lauri of MRPeasy, said: “The health and social care industry has emerged as one of the strongest sectors for UK businesses, driven by demand for healthcare services and social support.

“Real estate and education also show significant growth, reflecting both the housing markets’ resilience and increasing demand for educational services.

“Meanwhile, industries like construction, arts, entertainment, and recreation continue to offer opportunities for new business ventures, showcasing the diversity of thriving sectors in the UK market.

“Together, these industries highlight key areas where businesses are finding success in a dynamic economic landscape.”

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