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Norwich gains higher UK company share

October 2012

The UK company share of Norwich rose to 0.4% during the first three months of the year, compared to 0.3% during the same period in 2011. The first quarter of the year also saw a record number of company formations in Norwich, beating any quarter on record for the town.

These statistics reflect the massive programme of sustainable development and regeneration that has been going on in the city over the last decade. The area is still undergoing development, with plans for a new research and development building at Norwich Research Park recently being approved.

The city now has the largest financial services cluster in the east of England, and a low cost business base with land and premises available in the city centre and on the urban fringe. It also has the second highest graduate retention rate in the UK, providing a very strong skills base that makes it attractive to employers.

Managing Director of, Peter Valaitis said:

"Our latest report contains a number of positive statistics for Norwich, all of which point towards a strong future economy for the area.

"The rise in UK company share shows it is becoming more important to the national economy, and the record number of new company formations suggests that entrepreneurial spirit is flourishing."

The Duport Business Confidence Report for Norwich contains a variety of facts and figures that provide an overview of the economy of the area. reports on all areas of the UK on a quarterly basis.

Duport Business Confidence Reports are generated and released by Duport Associates Ltd. The data contained in these reports is assimilated and analysed by Duport using public record data from sources including Companies House, Office for National Statistics and Ordnance Survey. Duport Associates Ltd is a leading UK company formation agent, established in 1997 and registering around 10,000 new companies each year through its Companies House approved software.

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