Boosting the Local Economy - Written Question on ScaleUps

Question:

To ask the Secretary of State for Business, Energy and Industrial Strategy, pursuant to the Answer of 24 February 2020 to Question 14949, how many of the 33,860 scaleups identified are in (a) Dorset and (b) the South West of England.

Answer:

We define scale-ups using the OECD definition of high growth, i.e. an enterprise with a cumulative average annual growth in employees or turnover greater than 20 per cent per annum over a three-year period, and with more than 10 employees at the beginning of the period.

According to ONS data (Business demography – High Growth Enterprises 2018), the number of scaleups in (a) Dorset is 190 and (b) South West of England is 2,745.

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