West Yorks a 'good place to do business'

WEST Yorkshire is still seen as a good place to do business, according to a major financial organisation's research.

Yorkshire Bank's Leeds Financial Solutions Centre (FSC) says the results of a study show that the county's business people are positive about the future.

Its findings shows that 68 per cent of those questioned believe the region is a good place to start a new business while almost two-thirds also believe the Yorkshire and Humber economy offers good prospects for both business investment and long-term growth.

More than three-quarters – 76 per cent – of those surveyed believe West Yorkshire is a business-friendly region.

Harder

But only 45 per cent say it will become easier to start or expand a business over the next two to three years. Most of the rest surveyed say it will get harder.

And more than a third – 32 per cent – of Yorkshire and Humber companies believe IT and telecommunications are the most entrepreneurial, followed by financial and professional services and manufacturing and retail.

Yorkshire Bank Leeds FSC managing partner, Patrick Walton, said: "As well as actively experiencing healthy economic conditions, West Yorkshire business leaders and entrepreneurs need to feel confident and believe the economy is moving in the right direction.

"Starting a business, or investing to take a venture to the next level, is an important milestone which requires a number of factors to be successful.

"Many businesses are considering their future growth prospects with a growing confidence.

"Although economic challenges remain, there will also be growth opportunities for strong businesses."

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