The latest Duport Business Confidence Report reveals a sharp rise in net company growth last year in Walsall, suggesting a recovering local economy.
New research from Duport.co.uk shows there was a significant rise in net company growth in Walsall last year, with the company register growing by 207 – compared to just 40 in 2011.
The high net company growth is due to an increase in company formation and a drop in company closures, suggesting trading conditions are improving in the town.
Walsall is currently undergoing a period of regeneration, which could be what is attracting more new companies to set up there. Last month saw the completion of the residential Waves complex, part of the South Waterfront development, which also includes a new hotel and maternity unit.
In addition, work is advancing to improve the town centre, with plans to revamp shopping areas and provide a new bus station and public square.
Managing Director of Duport.co.uk, Peter Valaitis said: “These are exciting times for Walsall – more new companies will diversify the business base and lead to a stronger local economy. And the regeneration that is taking place in and around the town centre will help the area gain even more momentum in years to come.”
The Duport Business Confidence Report for Walsall contains a wealth of information that can be used to analyse the business landscape.
More data and statistics can be found at http://www.duport.co.uk/walsall.