AQW 38216/11-15 Written question to the Minister of Finance and Personnel
To ask the Minister of Finance and Personnel to detail the ratio of success to failure of new business start-ups in East Londonderry, in the last three years.
Asked by Claire Sugden MLA on 4 November 2014
- Answered
- Written
- After due date
- Tabled
- 4 November 2014
- Answer due by
- 19 November 2014
- Answered
- 24 November 201420 days after tabling
- Department
- Department of Finance
- Priority question
- No
Answer
This data is not currently available from the Office for National Statistics for parliamentary constituency area (PCA). However, the requested information is provided overleaf for those local government districts (LGD), which fall at least in part within the East Londonderry PCA, for the most recent three years available.
Table: Number of business births and survival1 rates (2009-2011)
| Coleraine LGD | 2009 | 2010 | 2011 |
| New business births2 | 100 | 150 | 90 |
| One year survival | 80.0% | 88.3% | 88.9% |
| Two year survival | 65.0% | 66.7% | .. |
| Three year survival | 55.0% | .. | .. |
| Limavady LGD | |||
| New business births2 | 70 | 100 | 75 |
| One year survival | 85.7% | 90.0% | 93.3% |
| Two year survival | 64.3% | 80.0% | .. |
| Three year survival | 57.1% | .. | .. |
| Derry LGD | |||
| New business births2 | 215 | 235 | 175 |
| One year survival | 86.0% | 83.0% | 88.6% |
| Two year survival | 69.8% | 70.2% | .. |
| Three year survival | 53.5% | .. | .. |
Source: Office for National Statistics (ONS), Business Demography 2012
1 A business is deemed to have survived if having been a birth in year t or having survived to year t; it is active in terms of employment and/or turnover in any part of t+1
2 A birth is identified as a business that was present in year t, but did not exist in year t-1 or t-2.