Page 115 - Minutes of meeting

The Resilience Challenge

Enterprise

Barrow has a relatively supressed enterprising
economy, which is consistent with earlier observations Enterprise Levels
on employment being heavily reliant on large
employers.
Barrow Cumbria England

In 2018, there were 35 net business births which
translates into 0.9 net business births per 1,000 No. Rate Rate Rate
working age residents in Barrow. Although this is
higher than Cumbria (0.1), which experienced high Births per 1,000
business death rates, it lags the national rate of 1.2. It 245 6.0 6.0 9.7
is notable that despite a lagging birth rate, Barrow has WAP
a significantly lower death rate than England and Deaths per
businesses are likely to survive for longer. 210 5.1 5.9 8.5
1,000 WAP

Self-employment rates in Barrow are very low at 7.7%
compared to 15.5% in England. Moreover, at 4.3%, Net births +35 0.9 0.1 1.2
self-employment in the BTD area is even lower.
Homeworking is also not a significant feature, with Business
only 6.5% of residents doing this. survival rates, 63.9% 65.8% 60.9%

2013 (3 years)
In Barrow, the home working rate is 7%. These rates
are significantly below those seen nationally. This is Self-
despite the fact that Cumbria as a whole outperforms employment 7.7% 18% 15.5%
the rest of England by approximately 3 percentage
points in terms of both self-employment and Home working 6.5% 13.1% 10.4%
homeworking.

Source: ONS Business Demography, 2018; APS, 2018; ONS Census, 2011