The Datum Report

Standing view · business · Belfast

The business base in Belfast has been growing.

improving, held with strong confidence, formed on 5 October 2026 from movements in 2026-06.

Business deaths in Belfast numbered 270 in the quarter to September 2025 and 245 in the quarter to December, both favourable movements, and business births 325 in the quarter to December 2025, also favourable. Businesses numbered 11,485 in 2026, of which 8,125 employed 0 to 4 people, 885 employed 10 to 19 and 140 employed 100 to 249. Business sites totalled 15,745. All three measures with a recorded direction moved favourably.

How this was decided

A view is formed only where the evidence names a figure you can check. Each movement listed as a reason had to be large enough to matter and distinctive in at least one way — unusual against this area's own history, unusual against comparable areas, or sustained over several periods. A movement shared with peers counts for less, because it says something about the country rather than about Belfast. Where no figure supports a direction we hold no view rather than a hedged one.

The 3 measures that formed this view

MeasurePeriodDirection
Business deaths2025-09improving
Business births2025-12improving
Business deaths2025-12improving

Also published on this topic, but not counted

These figures carry no defensible direction of their own: a rising house price is good news to an owner and bad news to someone trying to buy, so we do not score one as an improvement. They are shown because they are part of the picture, and they did not decide the view above.

MeasurePeriodSeries
Businesses2026 rising
Businesses employing 0 to 4 people2026 rising
Businesses employing 10 to 19 people2026 —
Businesses employing 100 to 249 people2026 rising
Business sites2026 rising