Fewer businesses shut their doors in Burnley last year
Fewer businesses closed their doors in Burnley last year, Office for National Statistics figures show.
About 300 businesses closed for good – a fall from 355 the year before.
Meanwhile, 375 were created in 2024, an increase from 335 in 2023.
Jonny Haseldine at the British Chambers of Commerce said: "Starting and growing a business is a hugely rewarding but challenging task.
"These latest figures are encouraging, particularly seen alongside the difficult economic backdrop of recent years."
He warned business confidence "remains low", adding: "While the Budget didn't pile another tax hike on all businesses, the Chancellor's statement lacked specific growth measures that will really spark business investment and recruitment."
A Government spokesperson said: "This Government is determined to make the UK the best place in the world to do business and the Budget doubled down on this long‑term plan.”
They also highlighted the Government’s proposals to “slash red tape, speed up licensing reforms, and create a fairer business rates system."