We're among towns gearing for growth
NORTH East Lincolnshire is open for business.
That is the finding of a new report which classed Grimsby among the towns and cities best placed for economic growth.
The report, Open For Business: The shape of business enterprise and entrepreneurship across UK cities, which was published by the Centre For Cities Research, concluded that cities or towns with "entrepreneurial and open" economies were more likely to flourish.
And according to the report, Grimsby falls into this category, with the town's proportion of both business start-ups and branches being above the UK average.
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In 2010, Grimsby had 48.3 per cent business start-ups per 10,000 of the population, and 16.1 per cent of business that are branches with headquarters elsewhere.
The report outlines growth of the local business base and the relocation of businesses from elsewhere as the two key sources of private growth in cities.
It states that those towns and cities, such as Grimsby, which have the right environment to encourage new businesses to develop and to attract existing businesses to the area, are those with the strongest economies.
The report has been welcomed by bosses at North East Lincolnshire Council, who said it demonstrated that the borough was a great location for businesses to thrive.
Councillor Peter Wheatley, portfolio holder for regeneration and environment, said: "The findings from this report show that while things are tough out there at the moment, Grimsby is an area which is equipped to assist growth within existing businesses, and we have further improvements to infrastructure planned to support this.
"The report also indicates that this then attracts inward investment into the area, which is fantastic news for us as this brings money and jobs into the borough."
Planned infrastructure improvements include the new A18-A180 link road to improve access to the Port of Immingham and extend the lock gates at Grimsby Docks to reduce waiting times for vessels leaving the port.
Jason Longhurst, head of development at North East Lincolnshire Council, said: "This report confirms what we already know at the council's development service, that there are some great opportunities in North East Lincolnshire for potential inward investors, existing business looking to develop and grow, and budding entrepreneurs wanting to set up their own business.
"The council, strongly supported by our partners, works hard to create the right environment to enable development and growth in the borough. We offer a number of services and initiatives which complement our partners' work, such as a hands-on, pro-active planning service, financial incentives for employers to grow their workforce and investing in the crucial networks needed to help business to prosper."