GeraMarket / UK Business Vitality / Tower Hamlets
Tower Hamlets Business Vitality Score
What is the business vitality score for Tower Hamlets in 2024?
In 2024, Tower Hamlets scores 61/100 on the Gera Business Vitality Score (GBVS), ranking 11 of 354 UK local authorities. The area recorded 2,805 business births, 38.4% 5-year enterprise survival, and 18,975 active enterprises, per ONS Business Demography 2024 (OGL v3.0).
GBVS component breakdown
38.4%
5-year survival rate
Weight: 50% · 2019 cohort
+4.2%
Net birth rate
Weight: 30% · (births − deaths) / active
18,975
Active enterprises
Weight: 20% · normalised density
Tower Hamlets business data (2024)
| Metric | Tower Hamlets (2024) | UK context |
|---|---|---|
| Gera Business Vitality Score (GBVS) | 61/100 | Mean: 50.0/100 |
| 5-year enterprise survival rate | 38.4% | UK: 38.4% |
| Enterprise births (2024) | 2,805 | — |
| Enterprise deaths (2024) | 2,015 | — |
| Net birth rate | +4.2% | — |
| Active enterprises (2024) | 18,975 | — |
| National rank (GBVS) | 11 of 354 | — |
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Frequently asked questions
- What is the business survival rate in Tower Hamlets?
- In Tower Hamlets, 38.4% of enterprises born in 2019 survived to their 5th year (2023), per ONS Business Demography Table 5.1a. The UK average 5-year survival rate is 38.4%.
- How many businesses were started in Tower Hamlets in 2024?
- ONS Business Demography 2024 records 2,805 enterprise births and 2,015 enterprise deaths in Tower Hamlets, giving a net birth rate of +4.2% relative to the 18,975 active enterprises.
- What does the Gera Business Vitality Score (GBVS) mean for Tower Hamlets?
- A GBVS of 61/100 indicates moderate business vitality. The score combines 5-year survival rate (50% weight), net business birth rate (30%), and active enterprise density (20%), each normalised across all 354 UK local authorities. Tower Hamlets ranks 11th nationally.
- How does Tower Hamlets compare to other UK areas for business?
- Tower Hamlets ranks 11 of 354 UK local authorities on the GBVS. Similar-scoring areas include: Camden (67.4/100), Shetland Islands (66.2/100), Derry City and Strabane (63.7/100), Hackney (63/100), Fermanagh and Omagh (62.6/100).
Contains public sector information published by Office for National Statistics and licensed under the Open Government Licence v3.0. Source: ONS Business Demography 2024 (2024, published 20 November 2025).