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Title. Bullet Point Bullet Point Bullet Point Bullet Point. Yorkshire Post Business Barometer Prepared for Yorkshire Post by Brahm Sponsored by Irwin Mitchell July 2010. Current trading conditions.

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  1. Title • Bullet Point • Bullet Point • Bullet Point • Bullet Point Yorkshire Post Business Barometer Prepared for Yorkshire Post by Brahm Sponsored by Irwin Mitchell July 2010

  2. Current trading conditions

  3. Business leaders are extremely positive about Yorkshire; there is an inherent pride in doing business in this region … 90% good 7% bad “I think all the investment goes to the South East. A lot of manufacturing companies here are either closing or moving to other areas. This has a knock on effect to the local economy in general” Construction, Hull “I have worked all around the country and I feel this area is a nice, safe place with lots of opportunity for work and good education provision. It is an attractive place to visit and to work in” Local Authority, Beverley “We have a pretty stable market here, less peaks and troughs than a lot of other areas in the country” Property, York B1. Overall, how would you rate Yorkshire as a place to do business? B1b. Why do you say this? Base: All respondents (200)

  4. Recent times have been tough on Yorkshire & Humberside businesses, but the outlook is more positive Change in financial performance of your business in the past 12-18 months 31% improved 49% got worse Financial outlook for your business in the next 12-18 months 45% improve 20% get worse B2. Thinking about the past 12-18 months, how much, if at all, would you say the financial performance of your business has changed? B3. Now thinking about the next 12-18 months, what do you anticipate as being the financial outlook for your business? Base: All respondents (200)

  5. A range of proactive measures will be taken to boost business performance B4. Which of the following measures, if any, will your business take in the next 3-6 months in order to boost performance/shore up for the next 12-18 months of trading? Base: All respondents (200)

  6. Resources, employment and skills

  7. Skills and training – enough of a priority? Priority of providing new skills and training for your workforce 71% priority 27% not a priority Change in the amount of investment in training staff within the past 12-18 months 25% increased 11% decreased C2. How much of a priority is providing new skills and training to your workforce? C2b. How, if at all, has investment in training of staff changed within your business in the past 12-18 months? Base: All respondents (200)

  8. Businesses in Yorkshire & Humberside have limited links with... ... Only 25% of businesses have strong links with local universities ... Only 37% of businesses have strong links with Business Link ... Only 29% of businesses have strong links with Chamber of Commerce ... Only 37% of businesses have strong links with local colleges Yorkshire businesses have limited links with other organisations as well, including Business and Education South Yorkshire, North East Lincolnshire Social Services, Yorkshire Forward and UK Trade & Investment C3. With regards to improving the skills of your workforce, does your business have strong links with any of the following…? Base: All respondents (200)

  9. R&D and innovation

  10. A high proportion of Yorkshire & Humberside businesses spend only 1-10% of turnover on R&D / innovation D1. Approximately what percentage of your business turnover is spent on R&D/innovation? Base: All respondents (200)

  11. Investment in R&D / innovation remains consistent for Yorkshire & Humberside businesses Investment in R&D/innovation within the past 12-18 months 10% increased 9% decreased Investment in R&D/innovation within the next 12-18 months 17% increase 3% decrease D2. Thinking about the past 12-18 months, how much, if at all, would you say your investment in R&D/innovation has changed? D3. Now thinking about the next 12-18 months, how much, if at all, do you think your investment in R&D/innovation will change? Base: All respondents (200)

  12. Business support

  13. Support from the banks has remained fairly consistent over the past 12-18 months Support your business generally receives from the banks 57% good 30% bad How support from the banks has changed over the past 12-18 months 8% improved 34% got worse B5. How would you rate the support your business generally receives from the banks? B5b. And how, if at all, has this support from banks changed over the past 12-18 months? Base: All respondents (200)

  14. 4 in 10 businesses would go to banks / lenders for information or financial help 41% would go to banks and other mainstream lenders 27% would go to accountants/ solicitors 14% would go to Business Link 4% would go to the Chamber of Commerce 4% would go to Yorkshire Forward 5% would go to The Council • 15% would go elsewhere such as the Manufacturing Advisory Service, Directgov, personal friends/family, business associates, the internet and trade magazines. However, 18% didn’t know where they would go / didn’t know information and support was available E1. Where would you go if you were looking for information or financial help for your business in times of economic uncertainty? Base: All respondents (200)

  15. Organisations in Yorkshire & Humberside prefer to use local legal support Satisfaction with access to legal support/services within Yorkshire 77% satisfied 5% dissatisfied Only 2 of the 10 people who were dissatisfied with access to legal support/services in Yorkshire said their business obtains legal support outside of Yorkshire. E2. How satisfied are you with the access to legal support/services within the Yorkshire region? Base: All respondents (200) E2b. Does your business obtain legal support from outside of the Yorkshire region? Base: All dissatisfied with access (10) *LOW BASE SIZE*

  16. Communications and transport

  17. Yorkshire and Humber – well linked in the UK? LINKED VERY WELL NOT WELL LINKED AT ALL DON’T KNOW 53% well linked 19% not well linked Airports 57% well linked 15% not well linked Rail 66% well linked 16% not well linked Road links 49% well linked 16% not well linked Digital services 60 % of businesses, who are optimistic their financial performance will improve, feel that Yorkshire is well connected to other UK regions through digital services. This is significantly more than businesses who indicated their financial performance will get worse over the next 12-18 months with only 38% of such businesses feeling this way. F1. Thinking about infrastructure, how well do you feel Yorkshire is connected to other UK regions in the following ways…? Base: All respondents (200)

  18. ...and to international markets? LINKED VERY WELL NOT WELL LINKED AT ALL DON’T KNOW 30% not well linked 38% well linked Airports 34% not well linked 30% well linked Rail 41% well linked 25% not well linked Road links 17% not well linked 41% well linked Digital services F2. Thinking about infrastructure, how well do you feel Yorkshire is connected to other world markets in the following ways…? Base: All respondents (200)

  19. Political

  20. Satisfaction with the Labour Government’s business support prior to the election was fairly low... Satisfaction with the support your business received from the Government prior to the recent general election 32% satisfied 63% dissatisfied A1. Overall, how satisfied or dissatisfied were you with the support your business received from the Government prior to the recent general election? Base: All respondents (200)

  21. Personal satisfaction with the election result is higher... Personal satisfaction with the result of the recent general election 64% positive 24% negative A2. How satisfied or dissatisfied are you personally with the result of the recent general election? Base: All respondents (200)

  22. ... however more uncertainty prevails from a business perspective Election optimism for business 49% positive 27% negative “It needs a coalition to sort us out. We have to get our debt problems sorted out in order to raise confidence and get business back on track. I think they will address the debt” Manufacturing, Bradford “I don't see an increase in public confidence as is usual after elections. We are in a deep recession and it is going to take a lot of spending cuts to get right. I felt we needed a change of Government, but I am not sure the coalition is the answer. The ''feel good factor'' is not in evidence yet” Sport & Leisure, Doncaster “For the last 14 years, having a business has made me feel like the enemy, with all the rights on the side of the employees. I think this Government are more aligned to the needs of business. I think they will be more realistic and understand that we are creating wealth and employing people. I hope we will get more help” Construction, Scunthorpe A2b. How positive or negative do you feel this result will be for your business? A2c. Why do you say that? Base: All respondents (200)

  23. Yorkshire and Humber businesses support Yorkshire Forward’s retention. STRONGLY DISAGREE DON’T KNOW STRONGLY AGREE A lower (£) value on foreign exchanges will benefit my business 27% agree The proposed increase in capital gains tax will damage my business 48% agree We need to retain Yorkshire Forward (the RDA) 55% agree A3. To what extent do you agree or disagree with the following statements…? Base: All respondents (200)

  24. There is low awareness of the city region concept, however those who are aware of it show support for it … A4. Are you aware of the city region concept (e.g. Leeds city region concept, Sheffield city region concept)? Base: All respondents (200) A4b. And do you support the city region concept? Base: All aware of the city region concept (40) *LOW BASE SIZE*

  25. Cutting taxes and red tape are most important for Yorkshire & Humberside organisations A3b. If there was one thing that the Government could do today to help your business, what would it be? Base: All respondents (200)

  26. Key findings

  27. Key findings • Yorkshire is a good place to do business • Expectations are for market improvement in next 12/18 months • Broad support for Coalition and approach to addressing the deficit • Business requires Government support and YF to be retained • Low awareness of the city region concept • Invest in skills and training a priority but low links with education bodies and business support agencies • Lack of invest in R&D / innovation • Need for improved links to other world markets • Need for Government to cut taxes and red tape

  28. …we are Brahm Great Insight. Great OutcomesFor more information please contact Malcolm Cowing on 0113 220 0565

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