Regional leaders asked to voice business concerns

Regional leaders asked to voice business concerns

Leaders in the Sheffield City Region are being asked about the biggest challenges facing their businesses and what support would help address them in the latest Quarterly Economic Survey (QES). 

The results will be used by the City Region’s Chambers of Commerce, Local Enterprise Partnership and Growth Hub to work on businesses’ behalf to influence decision-makers and ensure the right support structures are in place to promote business success.

Hundreds of businesses take the survey each quarter as an important barometer for them to see what similar challenges other companies are facing and where market trends are going.

The survey results provide trustworthy data which allows the Chamber to keep abreast of local economic trends and how other businesses are managing.

It’s a quick and easy way for businesses to sense check how they are faring each quarter in terms of recruitment, sales, profits, turnover, and entering new markets. 

Plus, it gives an understanding of the business support available across the region.

Rebecca Leam, policy & communications executive for the Doncaster Chamber of Commerce said: “This is a valuable opportunity for firms to have their say on the local economy and what's affecting their business.

“The results are used by the Sheffield City Region's four Chambers, Local Enterprise Partnership, Growth Hub, Sheffield University Management School, British Chambers of Commerce and other key stakeholders.

“They will use the results to influence decision-makers and ensure the right frameworks are in place regionally and nationally to support business growth and a thriving economy.”

The latest results of the QES for Q3 showed that business outlook across the region remained largely positive despite continuing uncertainties surrounding Brexit.

Service and manufacturing sector firms, both domestic and export focussed, reported positive balances in sales for Q3, and an increase in orders for Q4 2017.

Issues of growing concern for firms shifted somewhat from previous quarters, to competition, finance and staffing.

The results have been shared across the public and private sectors to inform their work.

Business people are being urged to take two minutes to complete the survey as part of the region’s drive to see the local economy grow.