It has been a busy and productive year for Lincolnshire businesses during 2017 with inward investment supporting new projects and initiatives to help our county grow.
The work on the Lincoln Transport Hub is rapidly progressing with everything set to be complete by February 2018. We are confident that business commuters, visitors and local residents will feel the advantages of the new £30 million scheme, as well as further improvements to Lincoln railway station which will ultimately create a more attractive and accessible gateway to the city.
On April 12, 2018, the International Bomber Command Centre will open its doors with visitors from across the globe expected to pour into Lincolnshire. This is a very exciting time for the county, and we know that many of our members and lots of other businesses across Lincolnshire have kindly supported and contributed to the work which began in 2014, in order to get the centre to where it is today.
There is still a long journey ahead before we exit the EU in March 2019, and we encourage businesses and advisers to adequately prepare for what lies ahead to help minimise the impact.
As we edge closer to that time, we hope to reach a pragmatic agreement with the EU, and have questions answered around the necessities which are key for a lot of businesses, especially those who export and trade. This includes where we will stand with customs, taxes, tariffs and regulations.
Information from the Quarterly Economic Survey demonstrates that despite Brexit uncertainty, Lincolnshire businesses remain resilient and confident.
Both future profitability and turnover have seen big increases which provides a likely rationale for the boost in confidence.
However, whilst business conditions have remained fairly steady, concern still lingers among a number of factors including high inflation rates and skills.
Here at the Chamber, we continued to ask our members what support was needed throughout 2017 and have hosted even more targeted workshops and events to help ensure they remain up to dated, understand and are aware of policy changes and new legislation.
As we look ahead into 2018, Lincolnshire Chamber of Commerce will continue to work closely with local stakeholders to ensure we’re working collaboratively towards local and national goals.
The team will also continue to deliver events to help businesses celebrate success in the county including the upcoming Greater Lincolnshire Construction & Property Awards, the Select Lincolnshire Awards for the food and the South Holland Business Awards.
We will be holding local area chamber networking events ensuring businesses are connected and supported, and of course, we will continue to send out the Quarterly Economic Survey so that we can represent and voice the issues, concerns, challenges and good news of the business community in Lincolnshire.
Our services are adapted upon the feedback and intelligence we receive from Lincolnshire businesses. We want to ensure that every business receives tailored and relevant support, and as such, our services will continue to evolve depending on the needs of our members.
Personal New Year’s resolution: To invest more quality time to focus on improving the sporting activities I undertake.
Professional New Year’s resolution: In particular with regard to ongoing BREXIT implications, to focus on longer term holistic business conditions, rather than get too hung up on short term day to day twists and turns of negotiations.
We wish you all a wonderful Christmas and a joyous New Year.