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Barclays reveals business start-up patterns
30/03/2007
Weymouth in Dorset and Oswestry in Shropshire are two of a number of areas in England and Wales that saw growth of business start-ups increase by more than 50 per cent between 2005 and 2006, it has emerged.
Malvern Hills in Worcestershire and the Derbyshire Dales have also recorded similar figures, according to Barclays Local Business.
Overall, there were 11 areas in England and Wales which apparently witnessed such a growth in new companies, many of which would have used business loans to establish themselves.
Moreover, it is predominantly rural areas which have outpaced other sections of the country in developing new firms, the research reveals.
John Davis, marketing director for Barclays Local Business, said: "Overall start-ups grew by 12 per cent in 2006 over 2005, so to see growth rates of 100 per cent and more in some areas is remarkable.
"Amongst the fastest growing start up locations more than half are mainly rural or are towns that serve a rural economy."
He added that this indicates how there is "real business growth" occurring outside the more urban areas.
Malvern Hills in Worcestershire and the Derbyshire Dales have also recorded similar figures, according to Barclays Local Business.
Overall, there were 11 areas in England and Wales which apparently witnessed such a growth in new companies, many of which would have used business loans to establish themselves.
Moreover, it is predominantly rural areas which have outpaced other sections of the country in developing new firms, the research reveals.
John Davis, marketing director for Barclays Local Business, said: "Overall start-ups grew by 12 per cent in 2006 over 2005, so to see growth rates of 100 per cent and more in some areas is remarkable.
"Amongst the fastest growing start up locations more than half are mainly rural or are towns that serve a rural economy."
He added that this indicates how there is "real business growth" occurring outside the more urban areas.