Wakefield Business Survey 2011
Results are now available from a survey of Wakefield district businesses carried out at the end of December 2010. The report covers the Wakefield district from which 509 employers responded, or over 5% of the active enterprises in the district, both public and private sector.
The Wakefield survey shows that local businesses were more optimistic about their prospects than at the end of 2009, with 38 per cent expecting the business climate to improve in the next 12 months.
The survey provides evidence that market conditions were stabilising with 32 per cent of businesses in the Wakefield district reporting improvement in performance in the previous twelve months.
The manufacturing sector in Wakefield had a positive outlook for 2011 with 45 per cent of manufacturing businesses expecting the climate to improve and 45 per cent believing it will remain stable.
The most likely response amongst businesses to the public sector cuts is that they will seek to target new markets with nearly half of businesses in the Wakefield district (44 per cent) saying they will be looking for new markets.
The survey also tackles other key issues such as where do businesses go for advice and what they see as their main opportunities and challenges in the current economic climate.
A copy of the full report is available to download: