More than 105,000 businesses have been launched with the support from the New Enterprise Allowance (NEA), a fund available to jobseekers with a business idea.
Successful applicants get access to a business mentor, financial support for up to 6 months and may be able to apply for a loan of up to £25,000 to help with start-up costs.
The latest NEA figures show that the North West had the highest number of start-ups (16,090), followed by London (12,870) and Yorkshire and Humberside (11,590).
Minister for Employment Damian Hinds said:
As these latest figures show, thousands of people across the country have great business ideas, and are taking the steps to turn them into a reality.
The NEA provides the right mix of expert, tailored advice and support to people of all backgrounds which can be invaluable in the early days of starting a company.
The figures also show that of the individuals launching a business:
over two thirds were aged between 25 and 49
24% were over the age of 50
7% were aged between 18 and 24
40% were women
22% have a self-declared disability
13% were from a black and minority ethnic background
Sunderland-based Colin Young, 51, made use of the scheme to launch his business after being made redundant. The NEA helped him start North East Drone Services, a professional drone photography service.
After working as a TV and photography technician for 13 years, I decided to invest in myself with the New Enterprise Allowance.
I met with an adviser who not only helped me with my business plan, but also to plan for any pitfalls that I might not have considered.