Surge in Gravesend businesses linked to Heritage Quarter
PUBLISHED: 15:00 24 January 2014 | UPDATED: 18:32 24 January 2014
Gravesend's £120m Heritage Quarter development has been credited for a surge in business growth in the town last year, according to a new report.
During the third business quarter 223 companies formed, more than any quarter in Gravesend’s history, and up on a 44 per cent rise in the same period in 2012.
The Duport Business Confidence Report for Gravesend suggests the positive news could be linked to the new development, which will include 330 homes, a new town square, shops and a 50-bedroom hotel.
Peter Valaitis, the managing director of Duport, said: “Hopefully the new developments that are in the pipeline will bring further momentum to the local economy in years to come.”
Work on the Quarter is expected to be completed in 2017.