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Digital data is to be made available for businesses and members of the public, according to Companies House. As a result, it will be easier for people to research the activities and ownership of companies. The announcement is a step towards improving corporate transparency. The information will be available from the second quarter of 2015.
The changes will also enable opportunities for entrepreneurs to develop innovative ways for using the information.
The commitment for free digital data is part of a Public Data Group (PDG) Summer Statement which sets out the activities and planned data releases for Companies House, Land Registry, Met Office and Ordinance Survey. It is estimated that PDG Open Data is worth £900m to the UK economy.
See Companies House
0330 161 1234