Record Half Year for New Companies in Belfast

Share Article

Research by company formation experts, Duport.co.uk has found a record number of new companies being formed in Belfast during the first half of 2012.

Belfast City Hall

The city has benefitted greatly from a huge amount of development in recent years, and the record number of new companies so far this year is a promising sign for future growth.

Belfast: The Belfast economy appears to be growing, despite challenging economic conditions. A record number of 888 new companies were set up during the first six months of the year, compared with 756 during the same period in 2011.

This record-breaking statistic comes after a decade of regeneration in the city centre that includes the ongoing £7bn development of the Titanic Quarter, transforming 185 acres of former shipyard lands into a new mixed-use maritime quarter. This project is set to create 20,000 jobs over the next 20 years. Other projects include the rejuvenation of the River Lagan, and the transformation of the derelict Gasworks into a modern business park that now houses a diverse range of companies and organisations.

The council are also keen to develop new and existing businesses with a range of initiatives to support local companies. The High Growth Pre-enterprise Programme for aspiring entrepreneurs and the Strategy in Business Initiative for small businesses are just two of the many schemes on offer.

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

“Belfast is a very exciting place for a start-up business to be located. The city has benefitted greatly from a huge amount of development in recent years, and the record number of new companies so far this year is a promising sign for future growth.”

With many on-going developments and a council committed to growing new business, Belfast could well be breaking records for years to come.

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.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Tom Valaitis