Luton is one of the most successful towns in England to attract businesses to start ups.
In 2012 information analysts Experian announced that Luton is amongst the best in the country for new business growth in England. A total of 785 new businesses were set up in the town between 2010 and 2012.
It was also a record for year 2012 for company formations in Luton, according to the annual Duport Business Confidence Report. There were 1,841 new company registrations over the year, more than any other year on record for the area; net company growth in Luton increased by 58%, well ahead of the UK average of 44%.
The first half of 2013 was a record ‘first half year’ for company registrations in Luton when compared to any half year in history. In the first half of 2013 a total of 1,069 companies were formed in Luton. This figure is 20.7% higher than 2012, which compares well to the UK wide figure of 6.4%.
According to research from the Local Data Company Luton’s Bury Park area has the highest number of independent retail and leisure outlets in Great Britain with 84.8 % of outlets owned by non-chains. For more information about Luton's labour market and future development please download our regional report.