West Norfolk borough booms in business survey which reveals a record breaking year for the county

Henry Catchpole of Inform Direct ANL-160128-105057001
Henry Catchpole of Inform Direct ANL-160128-105057001
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More than 600 new companies were set up in Lynn and West Norfolk in 2015 which was a record-breaking year for new start-ups throughout the county.

According to new figures out, the West Norfolk borough was second only to Norwich from all district regions in the county where new businesses had been recorded.

More companies were registered in Norfolk last year than in any year previously, according to the figures compiled by www.informdirect.co.uk, a provider of online company formations and secretarial software, using data available from Companies House and the Office of National Statistics.

Of the new companies created last year in Norfolk, 1,163 were in Norwich, 625 were in Lynn and West Norfolk, 593 were in South Norfolk, 591 were in Breckland and 579 were in Broadland. A further 423 were registered in Great Yarmouth and 322 in North Norfolk.

There were 4,296 new companies formed in Norfolk in 2015 – up from 4,086 the year before. This represents a 5.1% growth and means there are now a record number of firms in the area.

Henry Catchpole, managing director of Inform Direct said: “Our dynamic economy and business-friendly environment are the reasons there is a ‘Great’ in Great Britain.

“All around the world, governments are spending time and money to figure out the best way to foster an entrepreneurial culture that helps boost the economy.

“But here in the UK, our politicians can nurture this business mentality that has established itself organically. Of course London has always stormed ahead in business but our figures from 2015 demonstrate that the rest of the UK is also displaying a growing confidence in entrepreneurialism.

“Norfolk has had a very successful year and the figures indicate a surge in entrepreneurialism in 2015 for this region.”

To see a more detailed picture of company formations in Norfolk – including a full ward breakdown, visit http://www.informdirect.co.uk/company-formations-2015/norfolk/

To see the report in full visit http://www.informdirect.co.uk/company-formations-2015/