Company Formation Rise in North East

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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.

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