Slough breaks economic records in first six months of 2013

The first half of 2013 saw Slough breaking several economic records according to new research from company formation agents Duport.co.uk

Figures from the Duport Business Confidence Report for Slough shows there were 981 new companies formed during the six months to June – more than any other half year on record for the area and a four percent rise on the same period last year.

There was also a record net company growth (the number forming minus the number closing) with the company register growing my 398 during the first half of the year.

The report also notes a rise in young director appointments and a record number of female director appointments between January and June.

Councillor Sohail Munawar, commissioner for social and economic inclusion, said: “Slough means business and we are already the economic powerhouse of the South East.

“These results show businesses are aware of Slough and all it has to offer new companies from state-of-the-art facilities and our prime location to our upwardly-mobile, highly-skilled and aspirational workforce.”

He added: “While many towns in the UK suffered a significant dip in net company growth over the past four years, we have seen year on year improvements.

“This shows businesses have confidence in Slough and our regeneration projects in the Heart of Slough, Chalvey, Britwell and the town centre.”

Shabnam Ali, economic development officer, said: “In Slough we support new businesses and new companies whilst being home to national and international names.

“We are attracting new business all the time and have a dedicated website for companies looking to set up, locate or relocate to Slough.”

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

“The figures we are seeing for Slough paint a picture of a local economy that is gathering momentum in the wake of a difficult financial period. More new companies suggest returning business confidence and will help diversify the local business base.

“The rise in female directors and young directors is also great news, as it should increase a flow of new ideas within the business community of Slough.”

Anyone interested in locating their business in Slough should log on to www.sloughmeansbusiness.co.uk

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