The British Chambers of Commerce and Legal & General have published a major report detailing how best to boost investment in our towns and cities across the UK, how they face barriers to investment, and how unlocking any further investment will help growth
The report, titled Building the Towns and Cities of Tomorrow, looks in detail at eight cities across the country, and finds that despite the positives associated with urban regeneration, the complex issues facing our towns and cities require action across many fronts. The economic weight of London brings challenges and opportunities; an entrenched problem is the real or perceived lack of prospects – with post-industrial towns not providing or showcasing the opportunities for ambitious careers.
Over a third of businesses don’t believe that the UK’s road and rail networks are meeting their needs, according to the latest research by the British Chambers of Commerce .
The results, based on a survey of over 1,100 business across the UK, found that 39% of firms don’t believe that UK’s rail network meets their needs in accessing new and existing customers, suppliers and employers, compared to 34% that do.The survey also found that over a third of businesses (36%) believe that the UK rail network is less reliable than five years ago, compared to only 17% that say it’s more reliable.
BCC, in partnership with the Port of Dover, finds that over a third (36%) of traders rely on the just-in-time delivery of material and components, but that many are not preparing for changes to customs procedures after Brexit.
Nearly a third (29%) of companies believe they will be impacted in terms of administration, costs or operations by delays or congestion at UK or European ports after Brexit but still aren’t yet planning for it.
The planning system in England is more complex, costly and difficult for business than it was five years ago, according to a major report published by the British Chambers of Commerce.
The BCC report says that five years after the introduction of the National Planning Policy Framework (NPPF), which was designed to make the system less complex and more accessible, businesses are experiencing too many delays and barriers to investment.
Results from the second BCC Coronavirus Business Impact Tracker reveal that most businesses have not yet successfully accessed the government’s Coronavirus Business Interruption Loan Scheme (CBILS) and the grants for small businesses.
BCC Director General Adam Marshall welcomes the Chancellor’s announcement on measures to boost financial support for businesses affected by Coronavirus.
Results from the BCC’s first Coronavirus Business Impact Tracker paints a concerning, if unsurprising, picture for business communities affected by Coronavirus.