Partly Cloudy

Partly Cloudy

max temp: 15°C

min temp: 9°C

ESTD 1874 Search

Ipswich: Town ranked in top 20 in UK for business launches

07:30 07 March 2014

Futura Park in Ransomes Way is one of Ipswich

Futura Park in Ransomes Way is one of Ipswich's biggest success stories of recent years

Industry leaders have seized on a new report claiming Ipswich is among the top 20 places in the UK to launch a profitable business to laud the town’s post-recession “sustainable success”.


A low insolvency rate and a high “financial strength” score were behind Ipswich being ranked as the 15th-best town or city nationwide for providing the “best environment for business success”, according to credit information company Experian.

Despite a poor business start-up rating, a strong turnover growth helped the town score 14 out of 20 in the survey – more than Oxford and Kingston-upon-Thames.

Paul Clement, chief executive of Ipswich Central, said the report highlighted why the town is a “great place to do business”, while Carole Jones, economic development portfolio-holder at Ipswich Borough Council, claimed the town was playing an increasingly important role in developing the UK’s business. The report found that almost half (43%) of businesses in the town reported at least a 10% yearly sales growth in 2013, while Ipswich scored top marks for insolvency with only 0.67% of firms – 106 out of 15,922 – entering administration last year.

For financial strength, Ipswich scored 52.6 out of 100 (rankings ranged from 39.8 to 57.2).

However the research found that out of all the firms in the town, only 9.3% (1,483) were new businesses that had started within the last two years. Ms Jones welcomed the report, insisting the authority was making the town centre “attractive” with “cheap parking schemes” and proposals to “reinvigorate” the Cornhill.

“We are working hard with many partners to boost business, jobs and skills and economic growth – a key strategy of this council,” she added.

“Ipswich is well-placed geographically, demographically and economically to play an increasingly regional role in developing the UK’s business.”

Mr Clement said a “lot of hard work” has gone into ensuring the “sustainable success of Ipswich post-recession”.

He added: “Much still needs to be done, but it is working. Ipswich is a great place to work, set against a backdrop of the Suffolk countryside, office rents and house prices are reasonable, and we are one hour from London by train and 50 minutes to Stansted (Airport) and a gateway to Europe and beyond.”



Delegates from the ABP Marine Conference at ABP, Old Custom House, Port of Ipswich.

Some of best marine minds in the country were in Ipswich this week as harbour masters, dock masters and marine managers gathered for an annual conference.

DFS is celebrating record results.

Sofa chain DFS Furniture has hailed a record set of results as Britain’s buoyant housing market and growing consumer confidence boosted sales.

The Bank of England Monetary Policy Committee is expected to keep interest rates at 0.5%.

The Bank of England is expected to keep interest rates on hold today amid mounting concern over a slowdown in the economy.

Owner and head chef of Sweet P's, Pierre Rollins.

Soul food restaurant Sweet P’s is due to reopen next week after a devastating kitchen fire six months ago.

The new board members at employee-owned social enterprise Leadiing Lives who were elected at its AGM.

More than 50 jobs have been saved in Suffolk and north-west Essex following the closure of care support charity Crossroads Care East Anglia.

The Great House in Lavenham has been awarded three rossetts from the AA. Left to right, Martine and Regis Crepy, Enrique Bilbault, Swann Auffray, David Castro, Guillavme Dericq.

An award-winning Suffolk restaurant has officially been recognised as one of the best in the country.

George Bradley of Suffolk Secrets.

The belated arrival of settled weather in mid-September has helped to deliver an “Indian Summer” boost for Suffolk Secrets, one of the county’s leading holiday lets businesses.

Some of SABMiller's beer brands.

Brewing giant Anheuser-Busch InBev today unveiled another improved offer for rival SAB Miller.

Tesco  has revealed a 70% plunge in half-year earnings for its UK and Ireland business.

Supermarket giant Tesco revealed a 70% fall in half year earnings for its UK and Ireland business despite seeing an improvement in under-pressure sales.

The Cask Report has highlighted the importance of real ale to the the pub trade.

Drinkers of real ale are a “lifeline” for Britain’s hard-pressed pubs sector, according to a new study.

Most read

Most commented

Topic pages