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new company numbers on the up in Cambridge

April 2014

Company formation reached an all-time high in Cambridge last year, according to figures in a new report from

Over the course of the year, there were 1875 new companies formed - more than any other year on record and an 8% rise on the previous year.

Cambridge is a fast-growing technology hub, with many entrepreneurs coming from its world-famous university. The area also benefits from a number of schemes to support new businesses, such as the PrISMS programme, which helps start-ups and small manufacturing firms develop their business strategy, become more sustainable, and identify the best markets and products for their business.

However, despite the rise in company formations, Cambridge also a saw an increase in company closures last year. This led to an overall drop in net company growth (the number of company formations minus the number of closures) over the 12 months.

Managing Director of, Peter Valaitis commented:

"The record number of new companies forming Cambridge is a fantastic sign for the local economy, and will add to the city's already diverse business base. With so many brand new companies forming, the new few years look to be very exciting for the area."

The Duport Business Confidence Report for Cambridge gives a valuable overview of the local business landscape, as well as an insight into trading conditions. More information and statistics can be found at

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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