Business start-ups are 'thriving' in the north-east

Date: 8th April 2008

Business start-ups are on the increase in the north-east, as a result of "economic activity inspiring other economic activity", the National Council for Graduate Entrepreneurship (NCGE) has suggested.

Lorna Collins, director of Flying Start at NCGE, says that business is booming in the north-east of the country and says there is a strong "can-do" attitude and a "good level of momentum" in the area.

"Money and effort is being spent in the region to co-ordinate and support business start-ups and it's a relatively compact region," she comments.

Ms Collins adds that business growth in the area is set to continue, as more and more companies move to the north-east.

Research by Barclays Bank last month revealed that business start-ups are at their highest since records began in 1988.

The number of new businesses launched in the north-east increased by 11 per cent in the last year.