Record number of new businesses have been started in the Fens

Record number of new companies formed in Cambs in 2014.

Record number of new companies formed in Cambs in 2014. - Credit: Archant

A record number of companies were formed in Fenland last year, according to latest figures.

A total of 442 new businesses were launched in the Fens out of 5,879 in the whole of Cambridgeshire.

The new business figures compare to 3,748 which were dissolved in the county during the same period.

Cambridgeshire is 27th in the UK for having new start-ups, according to figures from Inform Direct.

Peterborough was the highest performing area in the county with 1,551 new companies followed by the Cambourne area with 1,203.

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Huntingdonshire came next with 1,177 new businesses.

In Cambridge there were 974 new businesses launched.

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The league table showed that the most new businesses were launched in London with 191,915.

The majority of new businesses in Cambridgeshire are private limited companies, figures revealed.

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