A record number of companies have set up in Sunderland in the first six months of this year.
A total of 332 new companies formed – more than any other half-year, according to the UK-based Duport report, compiled using Companies House-approved software.
Recent Wearside success stories include fast-growing manufacturing company Q Laser, set up last year and now employing six.
Managing director Geoff Gibson started the laser-cutting business initially to service his metal fabrication company Dale Fabrications, but quickly spotted a gap in the market for a quality laser-cutting service.
Now between 75% and 80% of Q Laser’s workload comes from external customers and Gibson is considering starting a second shift to cope with demand.
He said: “I’d like to see the continuation of steady growth, the creation of new jobs, and financial security for all our employees. Houghton-le-Spring has proved to be an ideal logistical location, situated between the A19 and the A1, it’s perfectly suited for our existing customer base.”
Meanwhile Fastglass, which has traded from Sunderland since opening for business in February, has already recruited seven staff and reached its first-year targets in its first few months of business.
It is aiming to double staff numbers in two years and is looking into purchasing additional equipment to meet demand.