Record number of start-ups

Peter Valaitis
Peter Valaitis
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The second quarter of the year saw Blackpool break its own record for number of new company formations, according to the Duport Business Confidence Report.

Duport.co.uk’s latest figures reveal that between April and June, there were 464 new company registrations – more than any other Q2 on record for the area and a three per cent rise on the previous year.

However, the half year figures (January to June) show a slight fall in company formation. There was also a drop in net company growth during the same period – from 616 in 2012 to 441 this year. Net company growth is the number of company formations minus the number of closures.

The report also shows that Blackpool was ahead of the UK average for female director appointments and young director appointments during the first half of the year.

Managing Director of Duport.co.uk, Peter Valaitis said: “The record number of company formations is a sign that business confidence is increasing in Blackpool, and hopefully the next quarter will also see a rise in net company growth.

“The positive figures for young and female director appointments suggest a business community that is becoming more diverse – this should help the flow of new business ideas in the region.”

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