Sharp increase in new businesses

East London and West Essex Guardian Series: 'Sharp increase' in new businesses 'Sharp increase' in new businesses

A record number of new companies opened in Ilford at the end of last year, according to research.

Analysts at business support firm Duport said 1016 new companies were formed in Ilford between October and December.

This is a 22 per cent rise on the same period in 2012, according to the company.

However, figures show there was a 14 per cent rise in businesses folding in the same area in July to September.

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