The latest Duport Business Confidence Report for Dudley shows there was a decline in company formation in the area last year. However, the report also shows there was a reduction in company closures during the same period, suggesting trading conditions may actually be improving in the town.
A new report from Duport.co.uk shows there was a rise in company formation in Stafford last year, suggesting the local economy is beginning to recover from a difficult period.
It seems the business community of Bath is becoming more diverse. Figures released by Duport.co.uk show the city was amongst the top ten UK towns for female director appointments and young director appointments during 2012.
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.