MBR_ISSUE 43_LOWRES

Malta Business Review
ESS: CONSTRUCTION
European Start-up study:
Malta's construction
industry grew by 89%
from 2016-2017
•With 1,955,681 start-ups registered
between 2013-2017, the construction sector
is the third biggest industry fuelling Europe’s
start-up scene
•Ireland is the top country for the construction
industry in Europe, with a steady growth of
11.18% of new businesses between 2013-17
•Looking at the growth rates between
2016-2018, Malta’s construction industry is
booming with a growth of over 89%
Analysing the start-up industry in Europe, card
processing specialists, Paymentsense, have
conducted research to reveal the countries
seeing significant growth in start-ups between
2013 -2017. The data has been mapped out
across Europe - detailing the industry’s most
prevalent in each country and the rate of
growth over the last 5 years. Paymentsense
have analysed 30 European countries and
ranked each one based on how many new
businesses have been registered in a 5-year
period. The business types which have been
the most popular in these countries are also
detailed.When looking at what type of startups
have dominated Europe in the last few
years, wholesale and retail have the largest
presence with 3.7 million new businesses
started up. This is surprising to see when in
recent years we have seen a retail crash with
companies like Woolworths and Toys R Us go
bust.
With 1,955,681 start-ups registered between
2013-2017, the construction sector is the
third biggest industry fuelling Europe’s startup
scene.
The type of companies that have started up in Europe between
2013-2017
Guy Moreve, Chief Marketing Officer at
Paymentsense, says: “It’s fascinating to see
how Europe has changed in recent times. A
number of countries are now placing more
emphasis on technology which has helped
create a ‘golden era’ for tech start-ups.
Top 10 countries fuelling the European construction industry:
Looking at the
percentage growth of
new businesses in the
construction sector,
Ireland tops the charts
as country with the
highest stable growth
of 11.18% between
2013-2017, followed
by Latvia and Malta.
Although the UK has
the highest number
of newly registered
businesses, its industry
has only gained 7.10%
more companies over
the course of the past
5 years.
“In order to thrive a business in your respective
country, make sure you analyse the market
you’re addressing – what works best and
what doesn’t; It’s also worth looking at the
legal and environmental conditions in order
to make sure your business idea is a success”.
You can find the full research for all 30
European countries here: v
Sources: The statistics were all sourced
by Statista. All data for 2016 and 2017 are
estimated, using linear derivation. Any data
provided as N/A has been aggregated as
zero. The research has been carried out on
behalf of Paymentsense, who provide awardwinning
low-cost merchant services and card
machines, in April 2018.
About Paymentsense
As Europe’s largest merchant service provider,
Paymentsense enables over 65,000 SMEs
to process over £6 billion worth of card
payments per year. From card machines to
semi-integrated and online payment services,
Paymentsense supplies small businesses with
card processing solutions that allow them
to take payments in store, online, over the
phone and on the move. MBR
For more information, please contact William
Hobson at william.hobson@branded3.com.
Courtesy: Paymentsense; BRANDED3
16