Survival rate of firms in the screen sector
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Firm survival rate examines how long a cohort of firms remain in operation. At any point in time the screen sector includes several firms that have been established for a specific production or project, which means that the survival rates of firms in the screen sector aren’t comparable to the wider economy.
Screen sector firms established in 2011 have a 1-year survival rate of 91%, a 5-year survival rate of 54% and a 10-year survival rate of 33%. Firms established in 2016 had better 1-year and 5-year survival rates at 95% and 58% respectively. The 1-year survival rate of firms established in 2020 was back down to 92% (Figure 4).
In 2021, 40% of screen sector firms were established 10 or more years ago. 132 screen sector firms had been live for less than a year, and 20% of screen sector firms were either 1-year or 2-years-old (Table 3).
Figure 4: Survival rate of screen sector firms established in years 2011 to 2021
Data table for figure 4
Table 3: Count of screen sector firms in 2021 by age since establishment
| Firm age since establishment | Number of firms |
| 0 years | 132 |
| 1 years | 537 |
| 2 years | 507 |
| 3 years | 345 |
| 4 years | 363 |
| 5 years | 357 |
| 6 years | 309 |
| 7 years | 162 |
| 8 years | 195 |
| 9 years | 156 |
| 10+ years | 2,082 |