Leicester’s Business Community Set to Benefit from 2015 Autumn Budget Announcements…
26 November, 2015 – After the hugely popular inaugural Leicester Business Festival in October of this year, yesterday’s 2015 Autumn Budget suggests an even brighter future for the area’s business sphere – leading to an even stronger business environment for Leicestershire in 2016.
Chancellor George Osborne delivered his Spending Review and Autumn Statement 2015 speech, in which Midlands business was a key focus, praising both its current success and confirming exciting plans for encouraging future growth.
As a country, Britain’s economy has grown faster than Japan, France and Germany, rivalling the growth rate of the United States. Business investment has grown at double the speed of consumption, with exports increasing faster than imports, and areas North of London are leading the race.
It is with great pride that the Midlands has been recognised as having the strongest job growth in the country, creating jobs three times faster than the capital. The Midlands is seeing 40% more growth than anywhere else in the country at present, and as Leicester plays host to the largest economy in the East Midlands, the business sectors in the region are worth a staggering 19.4bn.
Leicester’s 33,000 businesses and 435,000 employees will be benefited by the announcement that a proposed £61bn increase in transport funds across the UK is set to go ahead. This will incorporate the “electrification” of lines such as Midland Mainline, who serve Nottingham, Derby, Leicester and surrounding areas. Creating increased and more efficient commutable links that will help regional businesses to forge stronger bonds with the rest of the UK.
After witnessing over 7,000 people attend this year’s Leicester Business Festival, October 24th – November 4th of 2016 has been confirmed for next year’s event. Chancellor George Osborne has said “We want to make the Midlands Britain’s engine for growth”, and with the support of central government, the city can expect further expansion and growth in both business and manufacturing. Leicester Business Festival 2016 looks forward to promoting and celebrating both new start-ups and the existing companies that contribute to Leicester becoming the business power-house it is rapidly gaining a reputation for.
The 2016 Leicester Business Festival will take place from the 24th October – 4th November next years and will, as this year’s festival has strived to achieve, host all the biggest and best business-led events across the region over the two week period.
For more information about the festival please visit: www.leicesterbusinessfestival.com
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