High net company growth in Brighton

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Brighton has seen a significant rise in net company growth during the first six months of the year, according to the latest Duport Business Confidence Report.

Brighton Pier

New companies setting up can reap the benefits of the vibrant, bustling city centre and they, in turn, will add to the diversity of the economy in the area.

Brighton: Findings in the latest Duport Business Confidence Report show that in the first half of 2012 the company register for Brighton increased by 444 companies. This figure is over 91% higher than the same period in 2011, and easily outstrips the 58% increase that was seen in the UK as whole.

Brighton also set a record for new company registrations during the January - June period, when there were 928 new company formations. A recent council report states that the value of the economy has gone up by 51% over the last decade, suggesting that that city is remaining prosperous despite challenging economic conditions.

The city has the chance to boost its economy still further, as it has been awarded £50,000 by the government’s innovation agency. The money is to undertake a feasibility study to show how the city can join up its transport, communications and other infrastructure. The council will use the study to submit a large-scale ‘future cities demonstrator’, showing how challenges in the city will be addressed. If successful, Brighton will be in line for £24 million of funding to implement its proposals.

Managing Director of Duport.co.uk, Peter Valaitis said:

“Brighton is a unique city with lots to offer in terms of tourism and the creative industries, not to mention a growing knowledge economy. New companies setting up can reap the benefits of the vibrant, bustling city centre and they, in turn, will add to the diversity of the economy in the area.”

The Duport Business Confidence Report is full of positive data for Brighton, with statistics on everything from naming data to director age. For more information go to http://www.duport.co.uk/brighton.

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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Tom Valaitis