Surge in start-ups defies economic gloom

The Times covers the Centre’s fifth annual analysis of new company formations:

The number of companies being formed in Britain bounced back last year as entrepreneurs defied economic uncertainty to start more businesses than ever.

Figures due to be released this week will show sharp increases in company formations in Birmingham, Manchester, Leeds and Bristol, while London was still by far the most popular place to form a business.

“These figures demonstrate the resilience and confidence of entrepreneurs,” said Matt Smith, the CFE’s director. “The achievement is especially noteworthy as contractor accounting firms … seem to have been replaced by genuine local business activity.”

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