North East ranked top to drive small business
NORTH East small businesses have been ranked top of the table when it comes to driving the economy forward thanks to their “strong entrepreneurial spirit”.
A new index drawn up by Barclays Bank on which regions benefited the most from small companies placed the North East ahead of London and the South West.
The report said that smaller firms had “battened down the hatches” this year and remained cautious about their prospects in 2012.
The North East has moved up three places since last year, taking the top spot from London, while the South East sees the biggest fall, moving from fourth to the bottom of the table.
And last night business bosses said it was incredible that the region’s entrepreneurs were recognised as a great driving force of the economy.
North East Chamber of Commerce (NECC) Chief Executive James Ramsbotham said: “The North East has a proud tradition for producing and nurturing great entrepreneurs so it is incredibly good news to see that the spirit of innovation remains a driving force behind the regional economy.
“Our SME business base remains strong despite the impact of the recession and as Champions of regional business NECC will be doing all it can to help these small, innovative firms become the industry leaders of the future.”
Original Source - Journal
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