Businesses require stability to have the confidence to invest as investment is key to our economy. Somerset businesses need to have a clear, deliverable economic plan for the future.
The King’s speech this week outlined a vision that the Government believes will boost business confidence to deliver sustainable and inclusive economic growth.
Somerset Chamber welcomes any move which will help Somerset businesses to grow and invest, however, it must not come at additional cost or increased red tape.
Our members repeatedly tell us how their businesses are hampered by the lack of investment in both digital and physical infrastructure, how investment is stifled and growth is curtailed by a lack of skilled workers. There was much in the speech which showed the voice of business has been heard.
Somerset is already at the forefront of the drive for clean energy with the development of Hinkley Point C but the creation of Great British Energy should help to secure the UK’s position as a world leader in the carbon zero field.
News of a new industrial strategy is also to be welcomed as it should bring with it huge opportunities to drive sustainable growth, while a new Skills England body should help create a future workforce with the skills businesses need.
Unlocking the planning system, reviewing the apprenticeship levy and improving trade relations with the EU should all help get the economy moving in the right direction, too.
Somerset Chamber is looking forward to continuing to ensure the views of our members are heard and working collaboratively with Somerset businesses and partners to realise a positive impact for our region.
Emma Warren, Chair of Somerset Chamber’s Board of Directors.
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