Ryan FowlerNew research has revealed that Health and Social Care is the most successful industry for UK businesses, with an impressive growth rate of 8.06% between 2022 and 2024.
The study, conducted by MRP software provider MRPeasy, analysed business birth and death data from the Office for National Statistics, ranking industries based on their success rates over the past two years.
At the top of the rankings, the Health and Social Care industry added 8,540 new businesses, making up 4.26% of all UK businesses and 3.89% of total business births during this period. This sector encompasses hospital, dental, and medical activities, home nursing, residential care, social work, and children’s daycare services.
The Real Estate industry secured second place, growing by 5.06% and adding 5,620 new businesses. Real Estate businesses now account for 4.34% of all UK businesses and 3.67% of business births, including those involved in buying, selling, renting, and managing properties such as private housing and conference centres.
The Education industry ranked third, growing by 3.27% with 1,535 new businesses since 2022. This sector, which now constitutes 1.80% of all UK businesses, includes establishments providing education at all levels, from pre-primary to post-graduate, as well as vocational, cultural, and recreational teaching services.
The Construction industry came in fourth, with 7,250 new businesses contributing to a 1.93% growth rate. Construction businesses now represent 14.21% of all UK businesses and 14.69% of business births, covering residential, commercial, and infrastructure projects, as well as specialised services such as plumbing, roofing, and heating installations.
Fifth place went to the Arts, Entertainment, Recreation, and Other Services industry, which grew by 1.83%, adding 3,320 new businesses. This diverse sector now accounts for 6.84% of all UK businesses and 6.54% of business births, spanning performing arts, museums, recreational activities, fitness services, and more.
On the other end of the spectrum, the Transportation and Storage industry experienced the largest decline, losing 16.51% of businesses between 2022 and 2024.
