The rising number of new company formations in Fareham is a positive sign for the local economy, and shows resilience in the face of the economic downturn
UK (PRWEB UK) 30 December 2012
Fareham: The third quarter of the year saw a rise in company formations in Hampshire town, Fareham. Between July and September there were 187 new companies registered, representing a 10% increase on the same period in 2011.
The Duport report also shows that net company growth increased during the third quarter, suggesting the town is doing well despite tough economic conditions.
The local authority runs several schemes and partnerships to encourage economic growth, including the Partnership for Urban South Hampshire, which aims to “deliver sustainable, economic-led growth and regeneration to create a more prosperous, attractive and sustainable South Hampshire”. Other initiatives include the Solent Local Enterprise Partnership and Enterprise First, which manages the Fareham Enterprise Centre on the behalf of the Council.
Managing Director of Duport.co.uk, Peter Valaitis said:
“The rising number of new company formations in Fareham is a positive sign for the local economy, and shows resilience in the face of the economic downturn.”
“The economic initiatives set up by the council are doubtless helping new businesses grow, and it is hoped that growth will continue into 2013.”
The Duport Business Confidence Report for Fareham uses detailed economic data to give an overview of the local business landscape. More information can be found at http://www.duport.co.uk/fareham.
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.