Business booms in Stockport - MIDAS

Business booms in Stockport

3 April, 2008

Recent research reveals that Stockport boasts a "thriving economy" and is a
"significant contributor" to employment and wealth in Greater Manchester.

Sources include latest figures from the Office of National Statistics (ABI
2006), Stockport Business Survey and private investment into the borough.

Some of the key findings include:

Stockport has the highest rate of economic activity (83.1%) in Greater Manchester and is also much higher than the rate seen in the North West (76.7) and UK (78.4)

The vast majority (82%) of local businesses that took part in the business survey are ‘very satisfied or ‘fairly satisfied’ with Stockport as a business location

Local companies highlighted transport infrastructure, the availability of suitable premises and Stockport’s strategic location as the most significant factors

As a direct result of investment in the borough 350 jobs were created and 550 jobs safeguarded
630,000 sq ft (or 58,000 sq m) of commercial and industrial space was completed or occupied as a result of investment in the borough, and at least an estimated £20m was invested in these developments

Norman Hudson, Service Director for Regeneration and Leisure, at Stockport Council, said: "We are investing heavily in developing Stockport as a destination for small and large companies alike, from new ‘start-up’ space in converted mill buildings to accommodating global brands such as Adidas and Cussons. Successful schemes range from the establishment of The
Stockport Creative Industries Network to free property searches and investment information for businesses.

"The recent findings show significant and satisfying figures with indicators
which bode well for the Borough`s economic future. The Council will continue
to work hard with its partners to maintain and enhance this positive
picture."

Source: Stockport council press release

Link: http://www.stockport.gov.uk

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