Question to the Department for Business, Energy and Industrial Strategy:
To ask the Secretary of State for Business, Energy and Industrial Strategy, how many high street businesses are currently at risk of financial insolvency in each region of England.
While there is no established definition of a business at risk of financial insolvency, the most recent Monthly Insolvency Statistics produced by the Insolvency Service show that in September 2022 there were 143 registered companies operating in the retail industry in England and Wales that became insolvent. This represents 8 per cent of all insolvencies in September. The equivalent figures for September 2021 were 94 registered companies representing 6 per cent of insolvencies in that month. The Insolvency Service does not provide insolvency data for each region of England.
Source: Insolvency Service, Monthly Insolvency Statistics (October 2022).