Survey data to steer Industrial Strategy response

Posted on February 10th, 2017

Businesses are being invited to help shape the future of the UK post-Brexit.

The Government gave the clearest indication yet that business needs will feature prominently in Brexit negotiations when it launched its Industrial Strategy Green Paper in January

The consultation remains open until mid-April and East Midlands Chamber* will be making a formal response.

The Chamber, using its Quarterly Economic Survey (QES) for Quarter 1, 2017, is working with members to develop its response, in which it will highlight the region’s priorities and strengths.

Anyone completing the East Midlands Chamber's Q1 QES will be entered into a free draw to win two ticket (together worth £200) to this years Annual Dinner at Derby's Roundhouse on 23 March.

The consultation identifies ten strategic 'pillars' that could form the backbone of future success for UK plc beyond Brexit.

One question in the QES lists each of the strategic pillars and asks members to rank them in terms of how important they feel they are.

Another question asks businesses if they are currently facing pressures to raise prices and, if so, to identify why. Options include pay settlements, raw material costs, finance costs or other overheads, some of which might be directly related to Brexit.

Chris Hobson, the Chamber’s Director of Policy, said: “It is essential that the voice of business is heard and heeded during the Brexit process. And it’s vital that the Government does all it can to unshackle business for growth now and for after we leave the EU.

“To that end, we are encouraging members, through our Quarterly Economic Survey, to help us build up a comprehensive picture of their needs and the things impacting their businesses so that we can compile the strongest and most accurate response to the Industrial Strategy Green Paper consultation and through that influence Government policy going forward.”

The Quarterly Economic Survey launched this week and closes on Monday 13 March. To take part, visit http://bit.ly/2lc06nx.