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Exeter Business Survey Results December 2016 – Record figures for future investment in Exeter

By December 21, 2016January 26th, 2021Member News & Updates, Surveys, Why Exeter blog

The latest Exeter Business Survey carried out by the Exeter Chamber of Commerce and Industry has indicated that business in the city is looking towards the future positively.

Investment in the last quarter has stayed strong with 64% of Exeter businesses reporting to have made some investment and additionally, investment for the future has risen again with now 71% of businesses reporting that they are planning investment within the next 3 months.

The skills shortage issue has seen a slight increase this quarter, with a rise of 8% to 65% of businesses reporting difficulties in employing the right people with the right skills for their businesses.

Derek Phillips, vice president of Exeter Chamber of Commerce: “In the current uncertainty it was very pleasing to see the highest level ever of Exeter businesses recording that they are looking to invest within the next 3 months.”

Attendees at the Bank of England panel meeting held on Thursday 15th December at which the survey was presented, gave evidence that although businesses are still in a time of uncertainty with Brexit plans, businesses are looking confident and planning ahead for the near future.