Partly Cloudy

Partly Cloudy

max temp: 20°C

min temp: 10°C

ESTD 1874 Search

The pigs are coming. Find out more about

Pigs Gone Wild

here.

East Anglia: Region’s SME property firms remain bullish, says Lloyds TSB Commercial survey

06:00 08 December 2012

Barry Coote, relationship manager for Lloyds TSB Commercial in East Anglia

Barry Coote, relationship manager for Lloyds TSB Commercial in East Anglia

Archant

PROPERTY businesses in East Anglia remain bullish in their investment intentions, with nearly one third (29%) planning to increase investment over the next three to six months, according to a new survey.

But the latest Property Matters report from Lloyds TSB Commercial says that, while the positive investment intentions are good news in an otherwise flat property market, small to medium-sized property businesses in the region face continued challenges.

Businesses in East Anglia reported a reduction in confidence, minus 1.2 to minus 5.4 – below the national average of minus 0.4 and in stark contrast to the London property sector, where businesses reported an increase in overall market confidence to plus 15.

Firms in the region expect the experience of falling values over the past 12 months to continue but residential letters are set to remain strong.

The prospects for commercial and residential property SMEs have aligned for the coming period, with both showing a net score of plus 9. More than half (54%) of commercial and nearly two thirds (60%) of residential businesses believe performance will remain at its current level.

Barry Coote, relationship manager for Lloyds TSB Commercial in East Anglia, said: “It continues to be a challenging time for those operating in the property sector in East Anglia.

“It is welcome news that 29% of SMEs in the region plan to increase their financial commitment over the next three to six months.”

But he added: “SMEs continue to cite the challenging UK economy and local planning policy issues as influencing their decisions to invest.

“We continue to work closely with our customers and have a team of dedicated property managers focused on supporting and advising businesses operating in the residential and commercial sectors.

“The ‘Lloyds Funding for Lending’ initiative aims to foster an environment where businesses can invest for future growth, whilst taking advantage of low cost borrowing. This will help businesses across a broad spectrum of industries, including those operating in the property market.”

0 comments

Spending on Eating Out remained robust during April, according to a survey carried out for Greene King.

Britons continued to enjoy eating out during April, according to a new survey, despite reports of growing concern over the strength of the UK economy and the potential impact of a vote to leave the EU in next month’s referendum.

Meeting organised by the Institute of Directors about Suffolks burgeoning film industry. Julien Mery, co-founder of Livid Films and director of Film Suffolk, discussed how the creative community in Suffolk is putting the county on the UK and worlds creative industry map. L-R Sarah Brown, Graham Kill, Julien Mery and Old Jet's Jesse Quin.

A group of executives got to see the creative side of Suffolk’s economy at one of the county’s most popular filmmaking locations.

Oliver Paul, owner of the Suffolk Food Hall, DEFRA Secretary Liz Truss, South Suffolk MP James Cartlidge and Babergh District Councillor Jennie Jenkins meet for an informal meeting on the outcome of the RDPE funding provided for the commercial artisan kitchens in the Cookhouse at the Suffolk Food Hall.

Apprenticeship Levy funding from major supermarket chains and food manufacturers could deliver a boost to skills training for smaller food businesses and farming, a senior Government minister has said during a visit to Suffolk.

The Inspirations shop in Wickham Market,owned by shareholders in the community, is now officially open. Nick Denny from the Co-op cut the ribbon.

The much anticipated transformation of a Suffolk village’s former supermarket into a new community retail venture was celebrated this week - four years after the site was last in use.

New-build utility connections specialist Brookfield Utilities has reported increased annual profits.
Photo: Rui Vieira/PA Wire

Annual profits at Suffolk-based Brookfield Utilities have increased by more than one-third as it continues to add to the number of properties it connects.

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View

Most commented

HOT JOBS

Show Job Lists

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24