Around 75% of start-ups here are still going after three years, according to the Centre for Business. It says the trend - with the figure much higher than for the UK as a whole - 'reflects that in times of economic pressure, self employment is a good alternative.'
The business support agency was set up 30 years ago, and has helped to create 10,000 new enterprises in that time. Its numbers have been growing in recent years:
- 2011/11 - 345 start-ups
- 2011/12 - 366 start-ups
- 2012/13 - 451 start-ups
More top news
Police and Crime Commissioner for Gwent, Ian Johnston warns further cuts to policing are 'dangerous' and 'will put public safety at risk.'
The Children's Commissioner has found that nearly a third of five to eight year olds are left feeling hungry after a school dinner.
A cold but bright start to Friday, then a largely dry and bright day.