A business report has revealed a rise in the number of companies formed during the third quarter of 2012.
According to company formation agents, Duport.co.uk there were 161 company formations between July and September, a six per cent rise on the same period in 2011.
However, the number of company closures also rose during this period, leading to an overall drop in net company growth.
Duport suggest the rise in company number could be linked to the proposal for a dramatic multi- million pound extension to the Arndale Centre.
A spokesperson for Duport said, “Last year, a £70 million extension to the Arndale Centre was approved by councillors, who hope it will set off a ripple effect and kick-start further regeneration in the area.
“The scheme is set to get underway in the next two years and could create as many as 650 new jobs.
Managing director of Duport.co.uk, Peter Valaitis said, “Eastbourne has a vibrant tourist economy, which makes it attractive to business startups. “The planned improvements to the town centre could well attract an even higher number of company formations as the scheme gets underway.”
The town’s MP Stephen Lloyd last week welcomed Business Secretary Vince Cable who praised the town and said it was in good shape to weather the country’s current economic troubles.
MP Lloyd told the Herald, “This is great news but I’m not surprised in the slightest.
“I’m out there all the time meeting different business people and I get a real sense in Eastbourne of a can-do attitude.
“There are a number of trade associations like the FSB (Federation of Small Businesses, the Chamber of Commerce and The Best of Eastbourne, and smaller entrepreneurial groups, which have helped to create an environment which makes the town more attractive to small start-up businesses. In fact its the best it’s been in the past 15 years.”
For more information on the Duport Business Confidence Report visit http://www.duport.co.uk/eastbourne.