LEP supports important economic survey

Published 24th February 2016 at 4:26pm

This week sees the launch of this year’s first Quarterly Economic Survey for business leaders in the Sheffield City Region (SCR) to feedback about their organisation’s economic status.  The results will be used by the LEP and Chambers of Commerce to influence local, regional and national Government and decision makers and help shape the support for local business.

This is a collaborative partnership between the LEP, the region’s four Chambers and the University of Sheffield Management School, all sponsored by RBS South Yorkshire and North Derbyshire.

“The Quarterly Economic Survey work is valuable in two ways; firstly it gives a real time perspective for regional partners to monitor how the local economy is doing and whether their strategy is working. Secondly, it gives businesses a chance to get their voice heard; to flag any issues of concern in their business and to feedback on the general economy, skills, employment, international trade and hot topics affecting their business. The results help give a mandate to the SCR Local Enterprise Partnership’s and Chambers’ lobbying work with local, regional and national Government and decision makers to help shape the region’s economic strategy and business support structure,” says Dan Fell, CEO, Doncaster Chamber.

The results will be published each quarter in short reports providing a snapshot on the region’s overarching economy, skills and labour and international trade and export, for businesses to benchmark how they fare against others. Each quarter’s results will also be shared at free breakfast seminars with a debate on a hot topic affecting business. The first quarter’s results will include a debate around the EU Referendum on Tuesday 12 April, in Sheffield.

As an extra incentive, participating business people completing the survey will be entered into a free prize draw each quarter to win a pair of flights to a European hub, courtesy of Robin Hood Airport Doncaster Sheffield.

The Quarterly Economic Survey, run by the British Chambers, is the country’s biggest and longest running private sector survey which acts as an economic indicator, often highlighting big changes in the economy long before other surveys or other official statistics. The Bank of England’s Monetary Policy Committee uses the QES as a key benchmark when setting interest rates.

Take the survey: www.screconomy.org.uk

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