UK transport booms

London, UK: UK transport has experienced 17% growth in the last two years, according to a report by Love Energy Savings.

The report found that the transport industry owns a 12% share of all UK business, which is a higher percentage than any other UK industry.

Love Energy Savings has used the latest government data to create an interactive map that shows in-depth analysis of the transport industry, other UK industries, and the state of UK business overall. The map highlights how businesses are performing in each UK region, average company turnover, average household income and average UK energy costs.

In 2016, the growth of UK transportation businesses peaked with 15,075 transport companies starting; an increase of 193% compared to 2012.

Additionally, within the sector, freight transport by road experienced the fastest growth overall, growing by 229% between 2012 and 2016.

Love Energy Savings also found that the North West could be the best place to set up a transport business this year, challenging beliefs that London is the best place to start a new venture.

According to the most recent government data, the transport and storage industry is thriving in the North West, accounting for 15,590 businesses. This outranks Greater London’s total of 12,590 by 24%.

Phil Foster, chief executive, Love Energy Savings, said: “The data we’ve analysed paints an interesting portrait of the UK business world. The North West has recently become a key destination for businesses, being the only destination that weathered the uncertainty that followed the 2016 referendum.

“It’s also fantastic to see how investment has played a role in growth, specifically in Wales and Northern Ireland: when government funding is put into the hands of the UK’s entrepreneurs, regions thrive.

https://www.loveenergysavings.com/

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