Recent research from Duport.co.uk has revealed there were a record number of new company formations in Rochdale during the third quarter of the year.
More and more new companies are flocking to set up in Leicester. After a record number of company formations in 2012 and the first half of 2013, the third quarter of the year also saw a record number of new companies registered in the city.
The latest Duport Business Confidence Report for Halifax, West Yorkshire shows there was a rise in company formations over the third quarter of the year. During this period there were 174 new companies registered, representing a 2% rise on Q3 of 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.