Recent research from Duport.co.uk shows there was a rise in company closures in Wirral during 2013, with 597 companies closing over the course of the year.
2013 saw a surge in company formations in Swansea, according to a new economic report from Duport.co.uk.
Derby smashed its own record for company formation during 2013, according to the latest Duport Business Confidence Report for the area.
Of the 1,276 company directors appointed in Harrogate in the past year, only 3% were under 25, according to research by Duport.co.uk.
Harrogate’s number of young directors is half of the UK average, which stands at 6% of all UK company directorships.
“The news is disappointing for Harrogate and it suggests that not enough is being done to support young business people in this area,” stated Peter Valaitis, Managing Director at Duport.co.uk.
“The UK fell into recession under the stewardship of an older generation, and it is our responsibility to help provide opportunities to those that will inherit our debt and deficit.”
With concerns of a “lost generation” due to the number of unemployed and underemployed young people, including graduates, it has never been more important to encourage entrepreneurial skills and give young people the tools and opportunity to start their own companies.