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Wednesday 29 July 2020 12:05 am  |  Updated:  Tuesday 28 July 2020 6:07 pm

The City takes the lead as Ebay reports 335 per cent jump in UK businesses

By: Emily Nicolle

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The number of UK businesses signing up to become sellers on Ebay spiked more than 300 per cent in June, with Canada taking the top spot for the most new companies on the site during lockdown.

Ebay said the number of new businesses on its website jumped 335 per cent in June compared to the same month in 2019. Since lockdown began, sign-ups jumped an average of 256 per cent year-on-year.

The e-commerce giant said it signalled “the rise of the lockdown startup”, as Brits use increased amounts of downtime to create new business ventures or turn their hobby into a side hustle.

“The boom in new businesses joining Ebay in lockdown proves that when faced with a crisis, Brits see opportunity,” said Ebay UK boss Rob Hattrell.

“The UK is a nation of entrepreneurs and this data shows that a global pandemic hasn’t dampened that spirit.”

Most of the platform’s entrepreneurs came from London, with the City coming in first place with more than triple the number of businesses listed on Ebay than the runner-up.

The City takes the crown

RegionNumber of businesses on Ebay created in lockdown
1. Canada and Westminster3,346
2. Islington South1,002
3. Central Manchester949
4. Holborn and St Pancras929
5. South Aberdeen893
6. Poplar and Limehouse847
7. Ladywood, Birmingham638
8. Bethnal Green and Bow635
9. Bermondsey and Old Southwark619
10. Vauxhall580
Data: Ebay UK, 27 March to 23 July 2020

The most popular product categories for new businesses on Ebay during lockdown were clothing and fashion.

However cycling, fitness accessories and DIY materials all made it into the top 10, as Brits recreated the gym at home and found new ways to occupy themselves.

Read more

World Cup leads UK spending boost as confidence rebounds

Excited crowd celebrating, a man in an England jersey cheers with arms raised and beer splashing from a cup.

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