Business signals approval for Budget changes

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Businesses across South Yorkshire have overwhelmingly welcomed the latest budget at a special business event hosted by leading accountants Grant Thornton in Sheffield.

A survey of attendees at the Grant Thornton Budget Breakfast at Bramall Lane, Sheffield, found 83 per cent of business leaders in South Yorkshire feel that the budget has been good for business.

The remaining 13 per cent were unsure either way with no one believing it was bad for business.

65 per cent of business leaders also expect their business situation to improve over the next 12 months while just 5 per cent expect their situation to get worse.

Garry Meakin, Office Managing Partner at Grant Thornton said: “The Chancellor says this is a budget to get the economy moving, and has introduced a number of policies to boost entrepreneurship and growth in the private sector.

“This budget gives Sheffield City Region the opportunity to out-perform other parts of the UK. Manufacturing and exports are expected to play key roles in rebalancing the economy – both of which this city is very good at.

“We were one of the first Local Enterprise Partnerships and we will be one of the first Enterprise Zones. We have a very strong offering to Government and it is vital that we grab this opportunity for Sheffield.

“The first challenge is to submit a compelling Enterprise Zone proposal to Government and that should be the urgent business focus for the City Council and the newly formed Local Enterprise Partnership.”