Signs of economic recovery in the Axe Valley

PUBLISHED: 10:16 04 September 2013 | UPDATED: 10:16 04 September 2013

District councillor Ian Thomas says it feels like business confidence is on the up in East Devon

District councillor Ian Thomas says it feels like business confidence is on the up in East Devon

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Boom in business start-ups welcomed as an indication of growing condfidence

A boom in business start-ups across the Axe Valley has been heralded as a sign of growing confidence in the local economy.

High demand for premises from small firms has seen East Devon District Council let all its available units during the past month.

Axminster has seen the most activity, with four companies setting up at the town’s Millwey Rise estate.

The latest firms now trading there include commercial vehicle agents for Italian car manufacturer Piaggio, a fishing bait manufacturer, a caravan refurbishment business and a glazier.

In Seaton a car cleaning and valeting business has moved into the one of the Riverside Workshops, where trade is also flourishing.

And business leaders say the resort is bucking the trend of high street closures with a bumper intake of new shops and restaurants in recent months.

District council economy spokesman, Cllr Ian Thomas, of Axmouth, welcomed the apparent signs of recovery.

“It’s great to see so many small and start-up businesses moving into premises,” he said.

“Combine that with the great trading summer that our seasonal and holiday businesses have had and it really does feel like business confidence is on the up in East Devon.”

Glazier Kevin Davis, who runs Glass Is Sharp with wife Dee, has moved his previously home-based business to a new unit on the Millwey Rise estate, at Axminster.

He told The Herald he had enjoyed an “exceptionally good” summer and now needed more storage room.

“My business been running since 2009 but I have only just considered the time is right to take extra space which will give me the room to expand in the future should the need arise,” he said.

“For me business is booming currently. My bread and butter is replacing sealed double glazed units and with the cold winter and hot summer I have had an extremely busy year.”


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