Member Article

North West businesses showing confidence and willingness to invest

Businesses in the North West have grown more confident in the UK economy and are actively investing, according to a survey by asset finance provider Lombard.

63% of the region’s firms say they are more confident than they were 12 months ago, with just 7% saying they are less confident.

The North West’s appetite for investment is also evident in the survey results, with 53% of businesses saying they are investing to secure future growth compared with a UK average of 50%.

Head of Lombard, Ian Isaac, said: “We are seeing significant levels of confidence in the UK economy, with two-thirds of firms saying they are more optimistic and half actively investing.

“Businesses are looking to invest in order to drive efficiency, increase turnover and stay ahead of the competition.

“Firms in the North West are clearly feeling confident and want to invest to reap those benefits. This is an encouraging picture for the region and one which puts it in a strong position.”

This was posted in Bdaily's Members' News section by Sophia Taha .