RECORD numbers of new businesses are being set-up in the region, latest figures show.

Last year, 18,204 new companies were registered in West Yorkshire – up 9.6 per cent, from 16,604, compared to 2017.

The total number of companies now stands at 118,705.

In Bradford district, 4,155 new businesses were registered last year.

And UK-wide, the figure hit an unprecedented 669,855 – compared to 634,116 in 2017.

The figures are from the Inform Direct Review of UK Company Formations, using data from Companies House and the Office for National Statistics.

John Korchak, director of operations at Inform Direct, says the data "paints a very positive picture for business against a background of political and economic uncertainty".

He added: "It is clear that the county continues to provide a supportive environment, both for new business ventures and existing enterprises.

"It is heartening to see entrepreneurs making their mark, with increasing numbers of new businesses being formed.

"This picture is mirrored elsewhere in the UK, with a number of regions seeing more new formations in 2018 than at any time in their history and the UK as a whole achieving a new record total of registered companies."