New company formation slows in Harlow reports Duport

Company formation in Harlow fell during the third quarter of 2012, according to findings in the latest Duport Business Confidence Report.

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Harlow is undergoing a period of regeneration

The local authority’s strategy for the town will go a long way to attracting new companies and developing business confidence in the area.

Harlow, Essex (PRWEB UK) 11 January 2013

After rising during every third quarter since 2008, company formation in the third quarter of 2012 in Harlow fell by 18%.

The number of company closures in the town also rose during the third quarter of 2012, leading to a drop in net company growth overall.

Although Harlow appears to be suffering from the effects of the economic downturn, 2011 saw a new plan for completely regenerating the area by 2020. The Harlow Vision strategy sets out a framework to improve buildings and infrastructure, encourage higher education and attract new businesses. It also aims to develop green spaces and leisure facilities, and reduce child poverty.

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

“It’s true that our latest report shows a drop in company formation in Harlow, but as the country emerges from recession, we could well see numbers of business startups rise again fairly soon.”

He added:

“The local authority’s strategy for the town will go a long way to attracting new companies and developing business confidence in the area.”

The Duport Business Confidence Report for Harlow includes statistics and data that provide an insight into the local economy of the area. More information can be found at http://www.duport.co.uk/harlow.

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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