

The Office for National Statistics (ONS) produces annual data on Business Demography. This source shows the number of business start-ups (‘births’) and business closures (‘deaths’) each year and gives an indication of the health and dynamism of the local economy. It also provides information on survival rates of business start-ups.
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42.9% of the Somerset population have an undergraduate degree or equivalent (RQF4 and above), this is lower when compared to nationally (47.2%), and regionally (45.8%) (ONS Nomis Labour Market profile: January – December 2024).