Recent data from Barclays counters the idea that business growth in London and the South East is supporting the rest of the UK. According to their data, small and medium sized business growth in other regions is almost as fast as in London:
Other recent data also backs this up, with the number of companies recording levels of distress at an all-time low of 33%.
The British insolvency trade body R3 tracks five indicators of business distress and uses this to assess business growth and economic recovery. The latest results show that:
Results are even more positive for Yorkshire and the North East, with just 18% of businesses showing business distress – 15% less than the national figure of 33%.
There is also positive news for the South East, with an increase in sales volumes of 25%. The number of businesses not showing any indicators of distress has also risen from 36% in March 2012 to 78% now.
We’re also seeing indications of growth, with many of our sites reaching occupancy levels of 100%
Connor Johnson, cluster manager for our three sites in Sheffield has recently let the last unit at Cricket Inn Industrial Estate. He says
I’ve recently let the last of our units at Cricket Inn Industrial Estate. The units are definitely in demand and appeal to sole traders and new businesses as they’re real value for money.
Fear not though, if you’re looking for industrial or storage units in the Sheffield area, we also have two other sites: Victorian property Baltic Works and Dinnington Business Centre, which also provides offices.