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Record levels of business start-ups in Lincoln, says new report

By Lincolnshire Echo  |  Posted: December 17, 2012

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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

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  • footballmad  |  December 29 2012, 9:18PM

    'the economic mess we inherited from the last labour government' - well is having growth being an economic mess? I have to ask, which was the case during the 2010 election when the economy was growing. More than 2 years down the line we are on borderline growth having just come out of a double dip recession and it looks like the economy is likely to have contracted in the last 3 months.