Company growth in Lincoln reached record levels during the third quarter of this year, according to a new report.
Figures show that between July and September the city smashed its own record for new business start-ups.
There were 563 new companies registered – 59 per cent higher than the same three months last year.
Lincoln also saw its highest ever recorded net company growth in a third quarter, according to the figures produced by the company formation agent Duport.co.uk
Lincoln's MP Karl McCartney said: "This report is hugely welcome and a sign that the Government is making real progress dealing with the economic mess we inherited from the last Labour Government.
"These are very difficult economic times but it is clear that my constituents in the city of Lincoln and indeed the people of Lincolnshire, continue to be at the forefront of working our country out of the economic downturn."
The managing director of Duport.co.uk, Peter Valaitis, said: "The figures in our latest report for Lincoln suggest growth and increasing business confidence as the local economy recovers from the worst effects of the recession.
"More new companies will help strengthen and diversify the business base, helping the town grow and prosper in years to come."
To read the full Duport Business Confidence Report, visit www.duport.co.uk/lincoln