New enterprises grow by 65% in run up to 10th anniversary of Wembley’s re-opening

18 May 2017

  • Regeneration around Britain’s newest stadiums boosts growth of new enterprises
  • New enterprises in Brent area up 65% since re-opening of Wembley in 2007

The number of new enterprises in the Brent area has risen by 65% since the re-opening of Wembley Stadium ten years ago (19 May 2007), according to ONS Business Demography figures.

Researchers at Lloyds Bank reviewed the impact of new sporting stadiums for local enterprises, finding that the number of new enterprises in Brent - the area surrounding Wembley Stadium - rose from 1,750 in 2007 to 2,895 in 2015. This is almost double the rate of increase in new enterprises seen across the UK, where there has been a growth rate of 36% across the same period (Table 1).