City lags behind rivals as business start-up rate falls; Figures reveal region's mixed fortunes.Byline: TONY McDONOUGH McDonough is the name of several places in the United States:
BUSINESS start-ups in Liverpool fell in 2008, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. new figures. A study by Barclays Bank shows that 3,000 people started their own businesses in the city during Capital of Culture year, a drop from 3,100 in 2007. Liverpool's figures contrast with a rise in business start-ups in other parts of the country and trail well behind Manchester, which saw an increase of almost 11% in start-ups from 6,400 in 2007 to 7,100 in 2008. Wir ral saw a slight increase - 2,100 to 2,200, Knowsley was up from 1,300 to 1,500 and Sefton rose from 1,900 to 2,000. St Helens St Helens may refer to: Places:
Barclays' annual survey of business start-ups is based on the number of business accounts opened by new firms. Paul Titterton, Barclays head of local business in the North West, said: "The number of people setting up in business is at a high level. There are always opportunities, even in more challenging times, and people starting up now could be individuals made redundant who have opted for selfemployment." Andy Green Wing Commander Andy D Green OBE BA RAF (born 1962), a British RAF F-4 Phantom and Tornado F3 pilot and Officer Commanding Operations Wing at RAF Wittering, is the current holder of the land speed record and the first person to break the sound barrier on land. , a spokesman for economic development agency Liverpool Vision, acknowledged the city lagged behind other areas, but insisted great strides had been made over the past decade. "We saw a significant increase between 1998and 2007and were one of the top performing cities.. "Our micro-enterprise project helped 227 people to start up their own businesses in 2007 and in 2008 this had risen to 279 - an increase of 23%," he said. Professor Tom Cannon, head of strategic development at the University of Liverpool's School of Management, said: "These figures are based on good data. Distress start-ups are no surprise and they are often micro-businesses. "The fact Liverpool's figure remains low is down to the higher cost of doing business in a city. "Also, in Knowsley they are much more active at the microenterprise level compared to Liver pool."Distress start-ups are no surprise |
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