Gloucester sees a record number of new businesses in 2013
The first half of the year saw a record number of new businesses set up in Gloucester, according to figures in the latest Duport Business Confidence Report for the area.
New research from Duport.co.uk reveals that there were 448 new companies set up in the January to June period - more than any other half year on record and a 10% rise on the same period in 2012.
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Company closures also fell during the first half of the year, leading to an overall rise in net company growth (the number of company formations minus the number of company closures).
These positive figures follow on from several years of regeneration. The latest redevelopment project, the Gloucester Quays leisure complex, is due to be completed in December and will include a ten-screen cinema, as well as several restaurants and bars. It is hoped that the complex will provide a boost to the night time economy, preventing "leakage" of customers to neighbouring towns.
Councillor Jennie Dallimore, Deputy Leader Gloucester City Council said: " There are some very exciting developments going on in Gloucester, which are clearly attracting more and more new companies to the area.
"This increase has been seen since 2011 and currently it is looking that 2013 will beat those figures significantly.
"A more diverse business base will help to strengthen the local economy and help protect it against future economic shocks.
"the support given to businesses by the council is also helping – the council's award winning 'Gloucester Supports Business' scheme, has helped 46 businesses- providing 140 jobs. This includes 17 start-up businesses.
The Duport Business Confidence Report for Gloucester contains a variety of data, ranging from company formation numbers to average director age. More information and statistics can be found at http://www.duport.co.uk/gloucester.
'Gloucester Supports Business' scheme provides help with rents, business rates or structural alterations for businesses moving, relocating or starting up in the city centre. Additional funding has also recently been secured to support existing businesses with a variety of works including rejuvenating vacant properties or reinstatement of traditional shopfronts.
Gloucester City Council also offers free start a business advice in partnership with Gloucestershire Enterprise Limited and has recently produced an start a business guide for anyone interested in setting up a business in the city.