News - 27 April 2015

East Midlands leads the way for business growth

Businesses in Derbyshire and Nottinghamshire outperformed their national counterparts in the first three months of this year, according to the results of a new survey by D2N2 partner organisation the East Midlands Chamber of Commerce.

The Chamber’s latest Quarterly Economic Survey for January to March 2015 found that business growth remained robust in the early part of the year, giving increased optimism for the year ahead.

D2N2 – the Local Enterprise Partnership for Derbyshire and Nottinghamshire – has a vision of a more prosperous, better connected, increasingly resilient and competitive economy. The increased business confidence and results is causing a rise staff levels and increased investment plans, with four-in-ten businesses surveyed planning to increase investment in training and plant/machinery.

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George Cowcher, Chief Executive of the East Midlands Chamber of Commerce

By working with the East Midlands Chamber through the D2N2 Growth Hub – a business support and advice organisation serving Derbyshire and Nottinghamshire – it is expected that the East Midlands will continue to hold its position at the forefront of economic growth.

D2N2 Chief Executive David Ralph said:

“The East Midlands is the UK’s beating heart. The fact that we have continued to perform over and above the national average is great progress for the region. The increase in staff numbers and business investment by East Midlands’ businesses are sure to continue throughout 2015 and beyond.”

Chamber Chief Executive George Cowcher said:

“It was encouraging to see such a resilient performance from East Midlands businesses in the first three months of the year, with many indicators of business success seeing improvements.”

He added:

“The East Midlands has moved from being a ‘bellwether’ of the UK economy to a national leader, so it is equally encouraging to see this message borne out in these findings, with the figures in this report exceeding their national equivalents.

“There are a number of factors contributing to this success, including the broad spread of business sectors present across this region and the drive and commitment that exists within East Midlands businesses and their employees.

To view the East Midlands Chamber’s Quarterly Economic Survey (QES) for January to March 2015, click the link below

 East Midlands Chamber QES Q1 2015

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