Newport has been identified among the United Kingdom’s lowest-performing cities for business longevity, according to a study conducted by the Liquidation Centre.
The research examined enterprises established in Newport during 2019 and discovered that merely 34.4 percent remained operational after five years of trading.
This performance positioned Newport third from the bottom across the entire country, with only Doncaster and Liverpool recording worse outcomes.
The data aligns with figures released by the Welsh Government in January, which similarly documented a 34.4 percent five-year survival rate for Newport businesses.
Other Welsh local authority areas demonstrated varying results.
Caerphilly reported a lower five-year survival rate of 22.4 percent, while neighbouring Rhondda Cynon Taf achieved a marginally higher figure of 22.5 percent.
Newport’s performance fell short when compared against other principal Welsh urban centres.
Cardiff recorded 40.2 percent, Swansea reached 39.3 percent, and Wrexham posted 44.2 percent.
Gwynedd emerged as the strongest performer in Wales for business sustainability, with a five-year survival rate of 55.2 percent.
Torfaen, which encompasses the towns of Cwmbran and Pontypool, registered a survival rate of 36.5 percent.