Tuesday, 12 April 2011

Oxford: The only city in England where more businesses started than failed (From Oxford Mail)

Oxford: The only city in England where more businesses started than failed (From Oxford Mail)

OXFORD was the only city in England to see more businesses start up than close down in 2009 — the year the recession hit the national economy.

The only other city in Britain to see more start-ups than failures was Aberdeen, according to a new report from accountants UHY Hacker Young.

Marc Waterman of UHY said: “Even as the recession was at its peak, Oxford’s business community was braving the storm and setting up new enterprises.

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