Around 40 new takeaways launched every day in 2019. Food delivery and street-food start-ups received a huge boost in the UK as records show that 53% more take-away food shops and mobile street vendors opened than licensed restaurants in 2019. As evidence of the impact that food delivery start-ups and street food are having, 14,363 new take-away food shops and mobile food stands registered in 2019, greatly outnumbering both licensed restaurants (9,405) and unlicensed restaurants and cafes (7,182).
Ten new wine producers, 314 brewing companies, and 347 distillery businesses also launched in the year. Despite the overall increase in restaurants across the county, a number of food chains have been hit hard over the last few years with the likes of Prezzo, Giraffe, Jamie’s Italian, Cafe Rouge, Loch Fyne, pulling out of towns.
These are some of the findings of the Centre for Entrepreneurs’ sixth annual analysis of Companies House data. The latest Companies House data, as analysed by the Centre, shows that business formations reached a new record of 681,704 in 2019. London had the highest number of new company formations with 221,373 companies registered, followed by second city Birmingham (14,509) and Manchester (9,064).
However, Bournemouth and Poole – acknowledged to be the wealthiest places in England – were in sixth place trumping Liverpool and Edinburgh as entrepreneurial hotspots. Nationally, there are now 105,410 foodie businesses across the UK. That’s up from 103,615 in 2018, and is an increase of 45 per cent since 2010, when there were just 72,580.The rising popularity of Street food Street food in particular has been the source of great influence for both foodservice and retail in recent years, and this will continue to grow as increased access to these types of retailers shape consumers’ consumption habits.
The UK street food market has consistently grown faster than the total fast food market, starting from a much smaller base. It is estimated to reach a total value of £1.2bn in 2018.