Derbyshire boasts strong new business growth for 2016

John Korchak, director of operations at Inform Direct.
John Korchak, director of operations at Inform Direct.

New figures from the Inform Direct Review of UK Company Formations show that companies are starting up at a significant rate in Derbyshire.

The total number of registered companies in the county now totals 43,528, of which 6,271 were established during 2016.

John Korchak of Inform Direct said: “Derbyshire again delivered an impressive number of new companies in 2016, demonstrating that it offers a fertile environment for new businesses to spring up and prosper.”

Derby welcomed 2,349 new businesses, the most of any district, followed by Erewash at 589 and Chesterfield with 549.

John added: “These figures underline the positive entrepreneurial culture that fosters new company formations and drives economic growth.

“So far, at least, we’re not seeing evidence that the Brexit vote has dented confidence among those considering starting up in business.”

The report was drawn up using data from Companies House and the Office of National Statistics.

Across the UK as a whole, there were a record-breaking 664,720 companies formed, up from 612,565 in 2015. The number of UK companies now stands at 3,962,909.

Of the 601,418 formations in England, 209,869 were in London.35,502 companies were formed in Scotland, 15,795 in Wales and 7,389 in Northern Ireland.

For a more detailed picture of company formations in Derbyshire, visit http://bit.ly/2mhGtLS.

For the full report, see www.informdirect.co.uk/company-formations-2016.