Our report documents a dip in net company growth during 2009, but shows that numbers have been steadily rising since then, which is a positive sign that the economy of the city is bouncing back.
Southampton, UK (PRWEB UK) 11 October 2012
During the first half of the year, net company growth in Southampton has risen to 291, compared to 122 during the same period in 2011. Net company growth dipped sharply in the first half of 2009, but has been on the rise since then, as can be seen in data from the latest Duport Business Confidence Report at http://www.duport.co.uk/southampton.
Southampton has a wide economic base that includes a busy port with four luxury cruise liner terminals and WestQuay, one of the largest shopping centres in the country. WestQuay represents the second phase of a large-scale redevelopment of Southampton, and plans for the third stage include more shops, housing, a hotel and a public piazza alongside the Town Walls.
The housing market in the city is currently expanding, with a new ten-storey development on the former Gantry theatre site bringing 115 new affordable flats to the city centre. An even larger development is in the pipeline with 29 flats, a 60,000 sq ft food store and other shops, bars and restaurants around a civic square at the former Vosper Thornycroft site in Woolston. The development could create 225 new jobs and is due to be completed in 2018.
“Our report documents a dip in net company growth during the first half of 2009, but shows that numbers have been steadily rising since then, which is a positive sign that the economy of the city is bouncing back after a difficult period,” said Managing Director of Duport.co.uk.
“The planned housing and retail developments will benefit the economy of Southampton still further in years to come.”
The Duport Business Confidence Report is published quarterly and provides data and statistics that give an economic overview of every area of the UK. For the latest report on Southampton, visit http://www.duport.co.uk/southampton.
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.