Diary of a Sutton Councillor

Record new companies formed in Sutton in 2012

A recent Duport Business Confidence Report shows that there were a record number of limited company formations in Sutton last year.

It reveals that 863 new companies were formed, more than any other year on record for the area. It also notes that net company growth also rose in 2012, although the UK company share of Sutton fell slightly.

Duport notes that Sutton Council has been working hard to encourage inward investment and attributes the rising number of company formations to this effort, together with the range of support services offered to business start-ups including free business advice sessions and networking events.

Managing Director of Duport.co.uk Peter Valaitis commented:

“The record number of company formations last year is a positive sign for the economy of Sutton. New businesses will diversify the economic base, helping protect the area from future economic shocks.”

This is a great affirmation of our new economic strategy launched last year as ‘Opportunity Sutton’ and I look forward to seeing yet more positive effects as we continue to put our Opportunity Sutton delivery plan into action.

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March 24, 2013 - Posted by | Information | , , ,

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