Sheffield City Region Local Enterprise Partnership

Largest economic survey in the Sheffield City Region

Published 22nd August 2016 at 10:15am

Have your input into the largest economic survey in the Sheffield City Region. Special focus on post-EU Referendum and its impact on business.

Ebulletin graphic 2The impact of the EU referendum on Sheffield City Region businesses was debated at the latest Quarterly Economic Survey Breakfast organised by the Sheffield City Region’s four Chambers of Commerce, Local Enterprise Partnership and sponsored by RBS South Yorkshire and North Derbyshire. It highlighted there is some business uncertainty, resulting in calls for stability, clarity and action.

The Chambers listened to the comments raised by businesses and plan to respond in the Q3 Quarterly Economic Survey (QES) by questioning them further on the issues that concern them the most. The latest survey launches today (Monday 22nd August).  This will be the first QES following the referendum so figures will highlight any business change and concerns.

Dan Fell, chief executive officer, Doncaster Chamber added: “This quarter’s survey will help the Chambers to identify the extent to which the EU referendum result is influencing business confidence within the region.

“The Chambers have already called upon Government, the Treasury and the Bank of England to help create conditions of confidence and stability and to do whatever is necessary to maximise the UK’s growth potential.

“The results of the Quarterly Economic Survey will help the Chambers – and local partners – ensure that they are delivering the best possible support services to businesses as the economy goes through an unprecedented period of change.”

As an extra incentive for businesses in the Sheffield City Region to take the survey, all respondents will be entered into a free prize draw to win a pair of flights to Berlin, courtesy of Doncaster Sheffield Airport.

As well as completing the survey, all businesses are invited to attend the free Quarterly Economic Survey Breakfast on Friday 7th October to network with other regional businesses, and hear the analysis of the Q3 results presented by Prof. Andrew Simpson, Sheffield University Management School.

The Quarterly Economic Survey, run by the British Chambers of Commerce, is the country’s biggest and longest- running private sector survey. It acts as an economic indicator and often highlights underlying trends in the economy long before other surveys or other official statistics pick them up.

The Bank of England’s Monetary Policy Committee uses the QES as a key benchmark when setting interest rates.

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