Start-up success story

A man from Abergavenny who turned a hobby into a business, selling restored drum kits, has got orders from world-acclaimed performers. The Centre for Business says he's one of countless successful Welsh start-ups.

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Starting your own business 'a good alternative'

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

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