Sheffield City Region businesses urged to have say on Brexit concerns

Chamber members from across the Sheffield City Region at the last business breakfast.
Chamber members from across the Sheffield City Region at the last business breakfast.
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Businesses across the Sheffield City Region are being urged to have their say on how Brexit could affect the economy as part of a key quarterly survey.

The most recent quarterly economic survey - an authoritative survey of nearly 400 businesses - revealed many are feeling ‘business uncertainty’ and called for ‘stability, clarity and action’ from the Government as the UK negotiates its withdrawal from the European Union.

The Sheffield City Region’s four chambers of commerce are now calling for businesses to elaborate further on their concerns over Brexit by taking part in the Q3 QES.

Andrew Denniff, chief executive of Barnsley and Rotherham Chamber of Commerce, said: “Immediately following the UK’s decision to leave the European Union, business leaders aired some concerns about the uncertainty of financial markets, exports and future prosperity.

“Businesses across the region however are resolving to look upon the decision as an opportunity; an opportunity to draw investment and export goods and services. Recent indications show exports are up in Barnsley and Rotherham, and it’s a trend that is growing across Sheffield City Region right now.

“Challenges may lie ahead, but businesses across Sheffield City Region have always been resilient and have a determination to succeed. What is really important right now is local businesses maintaining their confidence and drive growth in the regional economy.”

The Bank of England’s monetary policy committee uses the QES as a key benchmark when setting interest rates.

As an extra incentive for businesses to take part in 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.

The Q3 survey opened on August 22 and runs until September 12. Visit www.screconomy.org.uk for further information.

The results of the survey will be discussed at a business breakfast at the Vulcan to the Sky base at Doncaster Sheffield Airport on October 7 from 7.30am.