Investment News | 15 November 2023

Businesses booming in Chesterfield thanks to investments

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Figures presented at the recent Chesterfield Investment Summit have shown that the number of start-ups in the area have reached record levels.

At the summit, which was organised by Destination Chesterfield, more than 200 delegates, including domestic and commercial property investors, as well as business leaders, heard how Chesterfield had seen substantial growth in its visitor economy and construction sectors.

And they also heard that survival rates for companies in Chesterfield far exceeded the national average.

New business activity in the town reached record levels in 2022 and is expected to grow again this year, according to figures shared at the summit.

Analysis of Companies House data, the official register of UK companies, showed that 1,021 start-ups with Chesterfield addresses were registered in 2022, 4% more than in 2021, indicating the area is on track to create over 1,100 more businesses in 2023.

Dr Huw Bowen, chief executive of Chesterfield Borough Council, said: “New business activity is booming in Chesterfield, which is seeing growth from homegrown start-ups and those relocating to the town from elsewhere.

“These outcomes are the fruits of a purposeful strategy to secure new business investment in Chesterfield and help our existing businesses to grow.

“Chesterfield Borough Council is supporting, either through direct investment or public-private partnerships, a series of projects to provide high-quality commercial space for businesses.

“It has helped bring to market almost 300,000 sq ft of modern office, industrial, manufacturing and logistics space since the start of 2022, and expects further new premises totalling more than one million sq ft to become available by the middle of 2025.”

Peter Swallow, chair of Destination Chesterfield, said: “Chesterfield is growing thanks to its location, its supportive community, the incredible lifestyle you can enjoy here, and the investments that are being made in high-quality business space and housing.”

“We’ve seen more interest from local and incoming entrepreneurs post-pandemic, who are creating new jobs and opportunities for the abundant talent pool Chesterfield can access, and we expect that growth to continue as the town seizes new opportunities associated with the East Midlands devolution deal over the coming years.”

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