The beginning of 2013 has seen some positive economic results in Folkestone, with company formation rising and a rise in net company growth.
New research from Duport.co.uk reveals that net company growth in Kingston Upon Thames dipped during the first three months of the year.
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.
According to the latest Duport Business Confidence Report, net company growth in Chatham rose during the first six months of the year, increasing by an impressive 158% when compared to the same period in 2011.
The closure of Chatham dockyard in 1984 had an adverse effect on the local economy, with around 7000 people losing their jobs. However, the dockyard has now been redeveloped into a major tourist attraction with historic buildings, museums, galleries, warships and a vibrant programme of events and activities.
The wider area is also undergoing regeneration with several schemes either already running or in the planning stages. These include the refurbishment of the High Street and a mixed-use scheme on The Waterfront at Medway Street.
Managing Director of Duport.co.uk, Peter Valaitis said:
"The high net company growth we are seeing in Chatham reflects the changes that are taking place in the town."
"Local businesses are starting to emerge from the economic gloom and many new companies are setting up, which should help strengthen the economic base."
The Duport Business Confidence Report for Chatham provides a valuable overview of the local economy, with statistics on everything from company formation to average director age. Duport Business Confidence Reports are published quarterly for every area of the UK.
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.