Crawley, West Sussex (PRWEB UK) 5 February 2013
New research from company formation specialists, Duport.co.uk shows a reduction in company formation numbers in Crawley during the third quarter of last year.
Between July and September, there were 145 new companies formed - a 17% drop on the same period in 2011. However, company closures also fell during this period, leading to only a slight reduction in net company growth over the quarter.
Last year, a £200 million redevelopment of the town was announced, which it is hoped will help kick-start the local economy. The scheme will see a new Morrisons supermarket, a 110-bed Travelodge hotel, new restaurants and a 500+ space car park. The project will create between 400 and 500 jobs for people in the area, and is the first part of a wider town centre regeneration.
Managing Director of Duport.co.uk, Peter Valaitis commented:
“Our latest report contains mixed news for Crawley, with a drop in both company formations and closures.”
“As redevelopment of the town centre gathers pace, we may well see a rise in company formations during the coming months and years.”
The Duport Business Confidence Report for Crawley provides a variety of economic data that gives an insight into the local economy. More information and statistics can be found at http://www.duport.co.uk/crawley.
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.