search.noResults

search.searching

dataCollection.invalidEmail
note.createNoteMessage

search.noResults

search.searching

orderForm.title

orderForm.productCode
orderForm.description
orderForm.quantity
orderForm.itemPrice
orderForm.price
orderForm.totalPrice
orderForm.deliveryDetails.billingAddress
orderForm.deliveryDetails.deliveryAddress
orderForm.noItems
CHAMBER NEWS


Chief Executive welcomes a Budget that will support business


Rishi Sunak delivered his debut Budget against the uncertain backdrop of the coronavirus pandemic


Following Rishi Sunak’s debut Budget, Scott Knowles, Chief Executive at the Chamber, said: “Given the current challenges being faced, the Chancellor did a good job of reassuring businesses and communities of Government’s intention to offer meaningful and robust support during this period of uncertainty. “Specifically, support in the form


of additional business rates relief for the leisure, hospitality and retail sectors – and SMEs in general – will be welcomed, given the current and anticipated impact of coronavirus. “Employers are already working


closely with employees on coronavirus concerns, however the additional support around statutory sick pay for SMEs with fewer than 250 employees will be welcomed. “Away from the immediate challenges we are facing, Government’s commitment to “unleash the power of business” will be well received; although, as ever, the devil will be in the detail. “More funding for start-up loans,


backing for businesses looking to export, as well as continued


‘If the East Midlands is to truly level up, infrastructure investment is paramount and to that end, a recommitment to major infrastructure in the region is a positive’


support from Growth Hubs are all important parts of developing the business support landscape following our exit from the European Union and, in the fullness of time, details will be required as to how such elements will be funded. As a region blessed with


innovative and forward-thinking businesses, the extra support that was announced in relation to R&D investment is encouraging, although more businesses need to be supported to access this. “If the East Midlands is to truly


level up, infrastructure investment is paramount and to that end, a recommitment to major infrastructure in the region – including the pre-announced Transforming Cities Fund for Derby and Nottingham – is a positive, as is the commitment to improving the strategically important A46,


often referred to as the Trans- Midlands Trade Corridor. “Further funding for the Midlands Rail Hub, which unlocks regional rail routes across the East Midlands, and £27bn funding for the country’s strategic roads network, will also be crucial to our region’s long-term prosperity. “Equally, the focus on investing


in high-skill, high-wage, low carbon jobs presents a real opportunity for the East Midlands, while additional funding for flood damage repair will be important for the parts of our region affected. “Finally, while some measures announced in Mr Sunak’s speech centred on Education, the Budget statement was relatively light on how we ensure businesses access the right people in the long term – away from immediate pressures, this is one of the biggest priorities we face as a country and a


Scott Knowles, Chamber Chief Executive


perennial issue facing members we speak with both anecdotally and through various mechanisms such as our Quarterly Economic Survey. “On the whole, though,


businesses across the East Midlands will no doubt be encouraged by the measures outlined in the Budget as well as the impact such measures will have in the short-term and moving forward.” Adam Marshall, Director General


at British Chambers of Commerce, added: “There’s much to welcome in this Budget for business communities across the UK. “The Chancellor has listened to


our calls for support to help firms overcome cashflow challenges posed by coronavirus. “Increases to infrastructure


spending and sharper investment incentives will help businesses grow over the longer-term. “The Budget has addressed the


immediate challenges facing the economy, but the Chancellor will have to do more to support businesses as they navigate changes to trading arrangements and the end of the Brexit transition period.”


business network April 2020 35


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96