Lincoln broke economic records for new company registrations and net company growth in 2012, according to new research.
A report from company formation specialists Duport shows there were 1,926 company registrations during 2012, more than any other year on record for the city.
The data was compiled and analysed by Duport using public record data from sources including Companies House, Office for National Statistics and Ordnance Survey.
Net company growth reached an all-time high, with the company register growing by 1,100.
Lincoln also broke its own record for UK company share during 2012. This figure has been rising steadily since 2008, suggesting the area is becoming increasingly important to the national economy.
The diverse business base of Lincoln could be key to its success, the report indicates.
Although traditional industrial work has decreased, there is a growing IT economy, and a number of e-commerce mail order companies have set up in or around the city. As a result, the area has become a distribution hub, which has led to many new logistics companies setting up.
The Duport report shows that the top four words used in new business names last year were Transport, Logistics, Driving and Haulage.
Peter Valaitis, Managing Director of Duport, said: “Lincoln has a lot going for it, so it’s hardly surprising we are seeing so many economic records set at the moment. A stable tourist trade, growing IT sector and a diverse business base make it the ideal place to set up a new company.”
Simon Beardsley, Chief Executive at the Lincolnshire Chamber of Commerce, said: “It is encouraging to see another survey which shows a more positive view of Lincoln’s economy than might be evident following recent national headlines.
“The results of Duport’s research echo that of yhe Lincolnshire Chamber’s Quarterly Economic Survey, which was released a few weeks ago. Together they give us a wealth of data and information about how business is changing in the county and what needs to be done to nurture future growth.
“The report also shows us that the city has a pool of entrepreneurs across a diverse business base. And whilst the decrease in traditional industrial work is of concern and every effort is being made to help this sector embrace new opportunities, there is a real need for organisations such as the Lincolnshire Chamber to bring funded business support and training programmes to start up business – because they will be the city’s future.”
Lincoln confidence report findings
A total of 1,926 companies were formed in Lincoln in 2012. This total is 34.7% higher than in 2011 and compares favourably to the UK figure of a 8.6% growth compared to 452,870 the previous year.
A total of 826 companies were dissolved in Lincoln in 2012. This total is 59.2% higher than in 2011 and compares favourably to the UK figure of 6.6% decrease compared to the previous year.
The percentage of female directors in Lincoln in 2012 was 35.8%. The average for the UK during this time was 29.9%. The record year for female directors in Lincoln was 1860 when 35.7% of all directors were female.
The average age of a director in 2012 was 45-years-old.
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Lincoln City winger Morgan Rogers has won the EFL’s Young Player of the Month award after some dazzling displays in March.
The Manchester City teenager, on loan at the Imps until the end of the season, scored three goals in seven games in March to pick up the award.
It comes as the 18-year-old’s influence on the team continues to grow, ahead of a League One promotion push at the end of the season.
Lincoln City currently find themselves in sixth place, hanging onto a play-off spot by a thread, with just eight games remaining of the regular season.
The England under-18 international said: “I’m really happy to have won the award and appreciate whoever chose me to win it.
“My aims now are to keep progressing and keep improving. I want to try and get as many goals and assists as possible but more importantly contribute to the team and make sure we’re winning games.
“I just need to keep learning and keep improving and see wherever this journey takes me.”
Next up for the Imps will be a home match against MK Dons on Tuesday, April 13, before two away trips to Bristol Rovers and Burton Albion on Saturday, April 17 and Tuesday, April 20 respectively.
The former Bishop of Lincoln, who was affectionately known across Greater Lincolnshire as Bishop Bob, has sadly died.
Rt Revd Robert Hardy CBE, who was Bishop of Lincoln between 1987 and 2001, died on Friday, April 9.
The Diocese of Lincoln said Bishop Bob was much loved and greatly admired for his dedication to the diocese and the people of the city.
Bishop Hardy, 84, was born in 1936 and was particularly known for his commitment to rural issues, as well as being President of the Lincolnshire Show.
He was appointed a Commander of the Order of the British Empire in 2001 for his services to the Church of England, including being Bishop for HM Prisons.
He also served as honorary assistant bishop in the diocese of Carlisle during his retirement.
The Bishop of Lincoln, the Rt Revd Christoper Lowson, said: “I ask that we pray for Bishop Bob, giving thanks for his ministry, and that we also pray for those who mourn at this time, particularly his wife Isobel, and their children Ben, Alexander and Rebecca. Dr Isobel Hardy made her own caring contribution to Lincolnshire as a General Practitioner in Sleaford and Market Rasen while her husband was bishop and our condolences are with her and the family.
“May he rest in peace and rise in glory.
“Father of all, we pray to thee for those whom we love, but see no longer. Grant them thy peace; let light perpetual shine upon them; and in thy loving wisdom and almighty power work in them the good purpose of thy perfect will; through Jesus Christ our Lord. Amen.”
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