A BUSINESS boom is being enjoyed in Chester, with record numbers of companies being set up in the city.
New figures show more than 300 companies were registered in Chester during the first half of 2012 – more than four times as many in the same period last year.
In both May and June the number of new companies formed in Chester broke all previous records.
The increase in new companies is being linked to the Chester Renaissance project which began in 2007 with the aim of making Chester a “must-see European destination”.
Peter Valaitis, managing director of Duport.co.uk which has released the data showing Chester’s increasing business vibrancy, said: “Chester is a city with a lot to offer new businesses, so it’s no surprise record numbers of start-ups are flocking here.
“It has a very busy services sector and high footfall from tourism, especially during the summer months.
“The ‘Chester Renaissance’ project is making the city even more attractive to new companies, and they will doubtless benefit from the new facilities being provided.”
Upcoming developments through Chester Renaissance include a vibrant new business district and a £4.5 million theatre and cultural venue.
The venue will contain an 800-seat theatre, a fully integrated central library, a 200-seat studio theatre, two studio cinemas, as well as several cafes and bars.
During the first six months of 2011 there was a net growth of 72 companies in Chester, with the Duport Business Confidence Report showing a 323 per cent rise in the figure recorded this time.
Duport Business Confidence Reports are generated and released by Duport Associates Ltd.
The data contained in these reports is assimilated and analysed by Duport using public record data from sources including Companies House, Office for National Statistics and Ordnance Survey.
Duport Associates Ltd is a leading UK company formation agent, established in 1997 and registering about 10,000 new companies each year through its Companies House approved software.