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Ipswich: Business start-ups in town outstripped closures last year

12:11 20 February 2014

Ben Gummer

Ben Gummer

Paul Nixon Photography 07904296577

More than 1,110 new businesses were registered in Ipswich during 2013 – a slight increase on the previous year according to a national survey of new start-ups.

However the growth in the number of new companies in Ipswich is below the national average – and the number of company closures in the town increased significantly during the year.

The figures have been compiled in the Duport Business Confidence Report for 2013.

It shows that 1,151 new businesses were registered in Ipswich during the year (up from 1,142 in 2012) but the number of company closures was also up – to 766 in 2013 from 686 the previous year.

This meant the net number of new companies in Ipswich last year was 385, down from 456 the previous year.

Managing director of Duport Peter Valaitis was pleased but remains cautious.

He said: “The rising number of company 
formations in Ipswich is a good sign for the local economy, but the increase in closures reminds us that trading conditions may not yet have returned to pre-recession levels.”

Ipswich Conservative MP Ben Gummer said figures like this needed to be treated with caution, but it did suggest that there were fewer new businesses in Ipswich than across the country generally.

He said: “Ipswich has had more public sector workers than other places, and 
sometimes they find it more difficult to set up their own businesses.

“And the town does have a difficulty in attracting those in their late 20s and early 30s who are the kind of people you look for with an entrepreneurial spirit.

“To attract them there needs to be more starter homes, good schools and better transport links which is what I’m pressing for.”

His Labour opponent at the next election, David Ellesmere, was also cautious about the figures.

However he felt they showed the recovery was fragile: “It is concentrated on London and the south east, and is not really being felt in towns like Ipswich,” he added.

8 comments

  • 1,151? I'd struggle to name three.

    Report this comment

    Public Purson

    Thursday, February 20, 2014

  • 2 words for this bloke,.. in fact I have several sentences of 2 words for him. none of which you will post. ;)

    Report this comment

    You What

    Thursday, February 20, 2014

  • I am responsible for 47 companies formed in 2013 with a registered office address in Ipswich, all but 3 are dormant and will stay that way for a few years. I think the traditional statistics by number of VAT registrations and de-registrations is a better method (obviously excludes those below the threshold). This is solely a measure of deemed confidence... many of the new company registration will be sole traders incorporating for tax reasons and of course those that like closing a business and reopening to avoid debts or to clear CCJs.

    Report this comment

    Ipswich Entrepreneur

    Thursday, February 20, 2014

  • waterfront again [ happy memories of the 50s , burtons pauls ,half of ipswich residents were concieved in this area.hand and hand pub ,toms cafe yeast factory.

    Report this comment

    TERENCE MANNING

    Thursday, February 20, 2014

  • Lovely posed picture of posh boy Gummer showing all of us the way - to his beloved "Waterfront". I don't think he'd like to be shown in Ipswich town centre with a backdrop of pound shops and betting shops.

    Report this comment

    blue&white

    Thursday, February 20, 2014

  • I am responsible for 47 companies formed in 2013 with a registered office address in Ipswich, all but 3 are dormant and will stay that way for a few years. I think the traditional statistics by number of VAT registrations and de-registrations is a better method (obviously excludes those below the threshold). This is solely a measure of deemed confidence... many of the new company registration will be sole traders incorporating for tax reasons and of course those that like closing a business and reopening to avoid debts or to clear CCJs.

    Report this comment

    Ipswich Entrepreneur

    Thursday, February 20, 2014

  • I thought I had not seen the man about goodness he's been turned into a statue of Lord Kitchener, I now know the message he's sprouting from those masculine lip's "your MP was hiding for the last year over there" or maybe "Immigrants the social services offices are over there" The man of the decade!

    Report this comment

    a west

    Thursday, February 20, 2014

  • Yes Mr Gummer, we have all gone down the river.

    Report this comment

    Star Watch

    Thursday, February 20, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

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