Inflation and the struggling economy are slowing the rate of new start-ups across the East Midlands.
The Midlands branch of insolvency and restructuring trade body R3 said there were almost 2,200 start-ups in the East Midlands in April – 18 per cent down on March and 3 per cent down on February.
It said data from business intelligence provider Creditsafe suggested that spiralling inflation, a contracting economy and decreasing consumer confidence were making many entrepreneurs think twice about launching new firms.
