The health and social care sector is the highest growing industry in the UK, analysis from Forbes Advisor has revealed.

The company analysed recent UK business demography statistics to reveal the most thriving industries in 2023 so far.

Findings indicate a notable improvement in business survival rates on the Inter-Departmental Business Register (IDBR) in Q2 2023, compared to the same period last year. However, the number of businesses added to IDBR has fallen by 14%. All but two of 16 sectors analysed experienced a decline in business births: the health and social care sector and real estate.

The health and social care sector had the largest number of business ‘births’ (plus 8%) with 3,400 new business registrations in Q2 2023 compared to 3,125 in Q2 2022.