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Gloucester UK company share on the up

October 2012

During the first half of 2012, Gloucester's UK company share increased to 0.2%, from 0.1% during the same period during 2011. Figures in the Duport Business Confidence Report also show a record number of company formations during January and February.

Several areas of Gloucester are currently undergoing regeneration, and the local council is targeting £1 billion of investment, with £500 million already secured. Regeneration projects include the development of canal, docks and quays, as well as 4000 new homes in the Greyfriars area. In addition, Blackfriars will be transformed into a major new cultural quarter and tourist attraction within the heart of the city.

"Our report shows many positive statistics for Gloucester. Although the city suffered during the height of the recession in 2009, the local economy seems to be recovering," said Managing Director of, Peter Valaitis.

"The increase in UK company share suggests Gloucester is becoming more important to the national economy, and the record number of company formations in January and February show that entrepreneurial spirit is flourishing."

The Duport Business Confidence Report for Gloucester includes a variety of economic statistics that provide information on the local business community. Duport releases reports on each area of the UK every quarter.

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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