Business confidence leads to ‘record number of new companies’ in Bury St Edmunds

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A record number of companies have been formed in Bury St Edmunds in the third quarter of the year, according to the Dupont business confidence report.

It found 127 companies were registered between July and September, a 20 per cent increase on the same period last year, and more than any other third quarter on record for the town.

The report also reveals a rise in UK company share and net company growth, suggesting that the area is recovering from the effects of the economic downturn.

Peter Valaitis, managing director for Dupont.co.uk said: “Bury St Edmunds has long been thought of as an affluent town with solid economy. “However, our report shows that company formation and net company growth did suffer in 2008 and 2009, proving that even the most stable of economies were not immune to the effects of the recession.

“The record-breaking number of company formations seen in the third quarter, together with healthy performance in other areas, is a good sign that the local economy is growing stronger.”

More information can be found at http://www.duport.co.uk/burystedmunds.