Research by Utility Bidder has analysed the latest ONS UK business activity data to reveal the most common industries around the country.
The UK’s Top 10 Most Common Industries
| Rank | Industry | Number of Companies | %of Companies | Percentage change from 2019 |
| 1 | Professional, scientific & technical | 467,595 | 17.01% | -0.87% |
| 2 | Construction | 351,250 | 12.77% | 2.19% |
| 3 | Business administration & support services | 235,755 | 8.57% | 3.06% |
| 4 | Information & communication | 225,745 | 8.21% | -0.21% |
| 5 | Retail | 208,795 | 7.59% | 0.02% |
| 6 | Arts, entertainment, recreation & other services | 175,720 | 6.39% | 0.98% |
| 7 | Accommodation & food services | 161,695 | 5.88% | 2.97% |
| 8 | Production | 152,675 | 5.55% | 0.43% |
| 9 | Agriculture, forestry & fishing | 148,845 | 5.41% | -0.46% |
| 10 | Transport & Storage (inc postal) | 123,075 | 4.48% | 10.52% |
The experts at Utility Bidder have commented on the research saying:
“It is unsurprising to see that the ‘professional, scientific and technical’ industry is the UK’s most common industry, as this has been the case for over the last 10 years through which the industry has seen stable growth.
“For the 6.39% of UK’s businesses who make up the ‘arts, entertainment, recreation & other services’ industry and the 5.88% of those who account for the ‘accommodation and food’ industry, it will be a tough year due to the coronavirus pandemic, which will impact heavily upon the number of these businesses operating in the economy in the future. Despite the 3.95% growth across these industries from 2019 to 2020, we will likely see a significant decrease in the number of businesses in these industries over the next year if the necessary investment is not provided.
“The ‘Transport & Storage’ industry has seen huge growth in the last year. This is likely to be due to the increase in popularity of online shopping and the globalisation of retail industries and it is likely that the industry will continue to grow over the next year, with the coronavirus pandemic encouraging more people to shop online.”
You can view the full research here: https://www.utilitybidder.co.uk/compare-business-energy/the-uks-most-common-industries/
For more information visit: www.utilitybidder.co.uk
For more Trending news follow i-invest Online.
- Why promising social ventures fail – and the solution emerging to prevent this
Misunderstandings between investors and founders are damaging social innovation, research suggests – but a new tool aims to build stronger bridges between them Social innovation ventures commonly collapse because of misunderstandings and miscommunications between venture leads and impact investors, new research from Durham University Business School reveals. As a result, promising projects which can address… Read more: Why promising social ventures fail – and the solution emerging to prevent this - Six new books that underline the value of fresh ideas about money
These sharp new reads explore the developments and behaviours transforming the world of commerce and the opportunities that lie within From leadership under pressure to the hidden forces shaping global wealth, this collection of new business books offers more than just fresh thinking – they challenge many of the assumptions that underpin how we earn,… Read more: Six new books that underline the value of fresh ideas about money - Why your team must understand the strategic value of mistakes
The ability to learn fast from mistakes has moved from cultural nicety to strategic necessity, and compassionate leadership can help pave the way, writes business facilitator Melisa Buie Here’s a pattern you’ll recognise. Despite massive investment in leadership development and learning programmes, people still make the same mistakes. They miss warning signs. They fail to… Read more: Why your team must understand the strategic value of mistakes - New partnership secures agentic coding with trusted open source
Chainguard and Cursor team up to close the software supply chain trust gap with secure-by-default artifacts for teams building with AI Chainguard, the trusted provider of open source solutions, has announced a partnership with Cursor, the leading multi-model AI coding platform, to secure the next generation of agentic software development. Through this collaboration, Chainguard provides… Read more: New partnership secures agentic coding with trusted open source - Over a million in UK with multiple jobs are without basic dignity protections
Current frameworks designed to ensure fair conditions and dignity for workers are not equipped to deal with the modern realities of multiple employment, says new research A new research publication from Durham University Business School has revealed that the rise of multiple employment is leaving a high proportion of the UK workforce without basic care… Read more: Over a million in UK with multiple jobs are without basic dignity protections