Positive news for Bury economy in latest Duport report

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The third quarter of 2012 saw a rise in company formation, net company growth and UK company share for Bury, according to the latest Duport Business Confidence Report.

New companies are forming in Bury

Bury is clearly a town that is recovering from the economic downturn and looking to the future

Bury: Leading company formation agents, Duport have released a report showing several positive statistics during the third quarter of the year in Bury.

Between July and September, there were 191 new company registrations, representing a 26% increase on the same period in 2011. Net company growth also increased to 40 during this period - a healthy figure compared to Q3 of 2011 when net company growth stood at minus 37.

UK company share also increased during the third quarter, suggesting that Bury is starting to recover from the effects of the recession.

These positive statistics could be linked to the ongoing regeneration of Bury. Several projects are currently in development, including new leisure and retail facilities and new apartments for town centre living. There will also be a new museum and office spaces built in and around the town centre.

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

“Bury is clearly a town that is recovering from the economic downturn and looking to the future.”

“With such exciting developments taking place in the town centre, it is no surprise more and more new companies want to set up there.”

The Duport Business Confidence Report for Bury uses detailed economic data to provide an insight into the local economy. More information can be found at http://www.duport.co.uk/bury.

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