Member Article

Business investment isn't the only sign of economic improvement

The Entrepreneurs’ Forum says falling business investment figures released today do not reflect the rising confidence in North East businesses.

Figures issued by the Office for National Statistics showed a decrease of 2.7% in business investment between the first and second quarters of 2013.

Nigel Mills, chairman of the Entrepreneurs’ Forum, said: “Our members are very confident about the economy at the moment. In our most recent survey of entrepreneurial businesses, sales, profits and employment were all on the up.

“We are also hearing not only of entrepreneurs raising significant capital, but the ability to do so is less of a concern for many, suggesting lines of finance are more open.

“Entrepreneurs showed they have confidence moving forward in these areas and others, including employment. 100% specifically said they were as confident, if not more so, than they were three months ago about business, with only 3% feeling less confident in the wider economy.

“These entrepreneurial businesses are the lifeblood of our economy and it is a good sign that they are pushing ahead with confidence. The figures released today simply highlight the latest dip in a graph which has been consistently up and down since the initial drop-off in investment at the start of 2008. They do not highlight the positivity and growth which is out there.”

This was posted in Bdaily's Members' News section by Recognition PR Business Team .