THRIVING SMEs, THE LIFEBLOOD OF THE REGION

Senior decision makers across the Yorkshire and Humber region predict an average increase in turnover of 60% - the equivalent of £2.4m over the next 5 years - according to the 2015 Business Growth survey from Santander Corporate & Commercial. This too bucks the trend of the rest of the UK, with an average growth of 37% predicted over the same period. This can only be good news for residents or those looking to relocate to the area, with 61% of businesses collectively stating that retaining staff and focusing on new hires were amongst their top priorities, alongside organic business growth

(57%) and product development and research (25%). According to Santander, we are one of the most optimistic regions in Great Britain.

Jonathan Thompson, Yorkshire & Humberside Regional Director, Santander said:

“it’s extremely encouraging for Yorkshire & humber that smEs, the lifeblood of the economy, are predicting such a high level of growth over the next five years. We are particularly encouraged to see that business leaders in Yorkshire & humber are among the top regions for planning international expansion.”