The record number of new companies in the first half of this year is no surprise, considering the attractiveness of this area to investors.
UK (PRWEB UK) 2 August 2012
Solihull: Solihull has enjoyed a record half year in terms of new companies being formed, with an impressive 569 in the first six months of 2012. This beats any first half year on record for the town, and is a significant increase on the 472 companies that were formed during the same period in 2011.
Solihull has experienced the strongest economic growth of any local authority area in the UK over the last decade – over a third higher than UK average growth. The area has some major business assets, including its proximity to Birmingham Airport, the NEC and a thriving Town Centre which supports over 18,000 jobs. These factors have helped attract a wide range of investment, most notably from computer and related services, where the town has seen 89% employment growth compared to 32% nationally.
The strength of Solihull’s assets provide a good basis for future growth, and with passenger numbers at Birmingham Airport forecast to grow to 27.2 million by 2030 further investment in the area looks likely.
Managing Director of Duport.co.uk, Peter Valaitis said:
“Solihull has used its geographic position to great advantage and made itself into a very significant business hub. The record number of new companies in the first half of this year is no surprise, considering the attractiveness of this area to investors.”
Solihull has clearly gained economic momentum in the past decade and with such a high number of business start-ups, it shows no signs of slowing down in the future.
Duport Associates Ltd is a leading UK company formation agent, operating in the UK for around 15 years. Duport registers around 10,000 new companies each year using its Companies House approved software. The Company Register which is maintained by Companies House contains public information about Limited companies and directors.