Company Formation Rise in North East

From the point at which the coalition government announced that it would give regional business and ‘National Insurance’ holiday on the first ten employees employed by a recently employed company, it was clear that supporting regional enterprise was a clear objective of the new administration.

The government then announced that it was to disband regional enterprise support at a local government level and replace them with support centers entirely dedicated to encouraging company formation and company registration at a local level.

Initially, the feedback from the company registration and small business sector was mixed; some felt that the government were taking away a valuable resource before any firm plans to replace it was finalized. However, a pilot scheme in the North East has just been announced which, if successful with be replicated across the country.

The ‘North East New Business Support Center’ will be a hub of information for anyone considering company formation or looking for help running their company.