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The beginning of 2013 has seen some positive economic results in Folkestone, with company formation rising and a rise in net company growth.
According to figures in the latest Duport Business Confidence Report for the area, there were 161 new company formations during the first quarter of the year, representing a 19% rise on the first quarter of 2012.
New research from Duport.co.uk reveals that net company growth in Kingston Upon Thames dipped during the first three months of the year.
Between January and March, the company register grew by 92, compared to 114 during the same period in 2012. Although the number of company closures remained exactly the same as in the previous Q1, company formation fell by 9%, leading to an overall drop in net company growth.
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.
Net company growth also fell slightly to 137, compared to 148 the previous year. But, considering net company growth stood at minus 72 in 2009, the slight drop may not be too serious an issue for the local economy.