Burnley ranks eighth for high growth prospects

This entry was posted in News on by .

The UK’s leading economic think tank, Centre for Cities, ranks Burnley in the UK’s top ten places for the high growth prospects of its small and medium sized businesses (SMEs). The think tank’s ‘Small Business Outlook 2014 Report’, which was published yesterday, identified Burnley as an area where firms are driving the economic recovery.

The Chief Executive of Centre for Cities, Alexandra Jones, said “Hot on the heels of Burnley winning the Most Enterprising Area in the UK award, it doesn’t surprise me to see that Burnley had performed very well in the latest Small Business Outlook report. Burnley is one of the top ten cities with the highest proportion of SMEs pursuing ‘high growth’ strategies and this is an enormous achievement. High performance firms in Burnley are playing an important role in the UK’s economic recovery and creating jobs in their local communities.”

Council Leader, Mark Townsend said “This is more good news for Burnley. To be spoken about in the same breath as economic powerhouses such as Cambridge and Edinburgh shows how far Burnley’s economy has come. We continue to punch above our weight in so many ways and our small businesses are no exception to that’.

This is great news for the town and is just the latest of Burnley’s recent achievements.  DRN Commercial director, David Rogers, said “There is a growing feeling of confidence in the area, with many new businesses starting up and many existing  businesses expanding. Yesterday’s report will be welcome news for Burnley, but for those who work closely with the business community, it will not come as a surprise. Since we opened our commercial office last year, we have seen an enormous demand in our commercial legal services as local businesses expand  – a sure sign that the area is on the road to recovery’.

DRN Commercial is our dedicated commercial office, offering specialist advice on all commercial matters. Contact David, Helen or Alison on 01282 433241 for more information.