Firms say it’s not all doom
BUSINESS is booming in Swindon, according to a new report released this week.
Figures in the latest Duport Business Confidence Report for the town show a total of 788 new companies were formed in Swindon during the first six months of the year.
It is the fourth year running that this number has continued to grow and is a four per cent rise on the same period in 2012.
And the report contained yet more good news for the town with net company growth – the number of company formations minus the number of company closures – also increasing over the first half of the year.
The report has been welcomed by new businessmen and women in the town, who say the area is thriving.
Kris Talikowski, partner of The Core Juice Bar in Devizes Road, Old Town, which opened in March, said: “There is always room for a new business if it brings something new to the town.
“The upturn in the market is proof that people always want to spend money if it is a good product.
“We have been extremely well received by the people and trade has gone far better than we initially hoped.
“We started with eight employees and we now have 20 and I am hoping to take on several apprentices soon.
“As an employer it feels good to be putting something back into the local economy.”
Wilson’s Family Butcher, in High Street, Old Town, opened in July and has seen business steadily increase since it opened.
Owner Martin Wilson said: “I think often people see the black too easily and struggle to see the light.
“We have been well received by everyone since we opened and we are doing a very good trade.
“When I first opened I wasn’t sure if I would be able to afford to take anyone on but I now take on an apprentice.”
North Swindon MP Justin Tomlinson said: “Once again we have seen Swindon lead the way for growth in the South West.
“It is a real tribute to the entrepreunrial skills and hard work of the people of Swindon that we have seen these record number of businesses.”
Plans for regeneration of Old Town are due to be submitted to the council’s planning committee early next year.
Under the proposals, the Grade II-listed Locarno buildings will be refurbished and new buildings will create three restaurants and a glass-covered entertainments hall, a basement spa and gym, a café, a shop, a hotel, and homes. It is hoped this development would increase footfall in the area.
Managing director of Duport.co.uk, Peter Valaitis, said: “The steady increase in company formation we are seeing in Swindon suggests the town is well on the way to recovery after a difficult economic period. If the Old Town regeneration plans go ahead, we may see even more new businesses flocking to set up in Swindon.”
To view the report, visit http://www.duport.co.uk/swindon
Comments are closed on this article.