The incidence of new business start-ups in Yorkshire and the Humber rose by 35 per cent month-on-month in January (compared to December), according to research.

The findings, from insolvency and restructuring trade body R3 and based upon analysis of data provided by Creditsafe, indicate that 4,375 new businesses were established in the region in the first month of 2025, up from 3,235 in December.

This rise came after a 16 per cent month-on-month fall in new start-ups in December compared to November.

The region also saw a 30 per cent fall in insolvency-related activity in January month-on-month – this included liquidator and administrator appointments and creditors’ meetings.

Dave Broadbent, chair of R3 in Yorkshire and partner at Begbies Traynor in York and Teesside, said: “This is certainly welcome news and it’s encouraging to see some signs of growth amid the economic uncertainty that businesses continue to face.”

However, Mr Broadbent also warned that “over 47,000 firms in Yorkshire and the Humber have invoices which have gone past their due date for payment, an increase on December’s figures.”

Mr Broadbent added: “Help and support for businesses is out there.”

More information about R3 is available at https://www.r3.org.uk/