Inspiring Business by Sharing Success
Added by Love Business East Midlands | 14 March 2023
UPDATED: 14 March 2023
It cited research from its Quarterly Economic Survey showing that, over the past year, business confidence had been steadily declining amid a cost-of-doing-business crisis in which costs have risen, cashflow has tightened, investment intentions have declined and the labour market has gridlocked.
East Midlands Chamber chief executive Scott Knowles said: “For any business to be successful, Government must address the day-to-day barriers that exist and provide the certainty that has been absent for much of the past few years.
“By ensuring the basic building blocks of economic success are in place across people, taxation, regulation and connectivity, businesses will be given the best chance to succeed.
“But we also must go further by supporting ambition, which means rewarding those companies that want to invest – whether it’s in plant and machinery, skills or innovation.
“We have had three years of once-in-a-generation challenges that has really tested our region’s firms, and yet the vast majority are still here to tell the tale.
“This demonstrates their tremendous resilience and now it’s time to give them the tools to help our country achieve what has eluded us for too long – and begin a period of meaningful, long-term economic growth.
“To do this, it’s vital the Government starts by getting the basics right and then goes further by backing ambition.”
The Chamber sets out its building blocks for success in its latest economic strategy, titled A Centre of Trading Excellence: A Business Manifesto for Growth in the East Midlands and Beyond, which was launched during a reception at Westminster in November attended by regional MPs and businesses.
Suggested economic measures within the “Getting the Basics Right” blueprint include:
As part of an ambitious economic plan, the Chamber has also suggested the Government should prioritise the “four Is” – investment, innovation, infrastructure and international trade.
Suggested policies include:
To read East Midlands Chamber’s Business Manifesto for Growth, visit www.emc-dnl.co.uk/manifesto.