A Huddersfield law firm has revealed “significant” growth in private sector business.

Baxter Caulfield, based at Station Street, posted positive findings from its Yorkshire Economic Index – a six-monthly report which highlights key business data in Yorkshire and the Humber.

The report, which features business data on jobs creation, new investment and contract wins from January to the end of May, shows significant growth in the economic activity of private sector companies in Yorkshire and the Humber

Among the findings, it shows that at least 1,178 private sector jobs have been created in the region and an estimated £30,800,000 of new investment has been made by private sector businesses throughout Yorkshire.

In addition, an estimated £54,000,000 worth of new contract wins have been secured by private sector businesses in the region.

Stephen Newman, senior partner at Baxter Caulfield Solicitors, said: “The latest findings from our economic index are good news for the economies of Yorkshire and the Humber.

“Business confidence in the region is continuing to rise and the results tie in with positive national data in terms of economic growth, which is being supported by improving unemployment figures.”

He said the findings boded well for the resurgent economy, as recent statistics from the Office for National Statistics showed that GDP grew by 0.8% in the first quarter of the year – marking the fifth consecutive period of growth and the longest positive run since the financial crisis.

Said Mr Newman: “The economy is certainly on the right track to recovery, although there is still much work to be done.

“However, the report is a positive indicator that the region is showing signs of growth and investment with a significant number of appointments, as well as key contract wins”

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