Businesses optimistic for next year

A SURVEY of 150 businesses in Stevenage shows that most feel the recession has had a major impact on trade but see the town as a good place to work.

The results of the survey by Stevenage Borough Council reveals a wide picture of the local economy, including the attractiveness of the town for businesses, barriers to growth and recruitment issues.

The survey revealed that a majority of business leaders see the town as a good or very good location, with transport networks and proximity to London important factors.

But most said the recession has had a significant impact on business, while access to finance has not improved, constraining growth.

Despite this more than half said they would be recruiting staff in the next 12 to 24 months.

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Ralph Raynor, portfolio holder for economy and enterprise, said the results will help the council shape future policy.

He said: “The council recognises the importance of its local business community and the role that these businesses play in helping Stevenage succeed. The survey results will provide invaluable information to enable us to support local companies effectively.”

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