max temp: 8°C

min temp: 7°C

ESTD 1874 Search

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


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.”



The Leading Lives team receive their tropy at the Social Enterprise UK Awards in London.

Ipswich-based Leading Lives has been named Health and Social Care Social Enterprise of the Year at the Social Enterprise UK Awards.

The Hot Off The Press premises inTacket Stret, Ipswich, which the company has vacated after 25 years.

A printing company which has operated from the centre of Ipswich for 25 years has relocated – to a purpose-built log cabin in the owner’s garden.

Elaine and Nigel Bowen of Vanguard Communications.

Two businesses which receive support from Suffolk enterprise agency Menta have received Small Business Sunday awards from entrepreneur and former BBC Dragons’ Den star Theo Paphitis.

Wayne Seddon from The Bridge House in London receives his Adnams Pub of the Year award from chief operating officer Karen Hester.

Southwold-based Adnams has named The Bridge House, near London’s Tower Bridge, as its Pub of the Year.

Georgi Rollings, left, and Emma Lawrence of Starfish Accounting.

An Ipswich based provider of online company secretarial software has reached the landmark milestone of having 10,000 users.

Robert Hughes, managing director of Hughes Electrical, and Andy Yallop, store manager, at the company's new branch in Bury St Edmunds.

Hughes Electrical has opened the doors of its new store in Bury St Edmunds following a £200,000 investment which has also created six new jobs, doubling the size of its workforce in the town.

A file picture of the Sanofi factory in Haverhill.

More than 50 jobs are to be axed at the Haverhill site of pharmaceutical group Sanofi.

Barclays has been fined £72m by the Financial Conduct Authority.
Photo: Jonathan Brady/PA Wire

Banking giant Barclays has been fined £72million by the City watchdog for failing to handle potential financial crime risks relating to a £1.88billion transaction for ultra high-net-worth clients.

Ipswich council leader David Ellesmere at the former sugar beet factory site off Sproughton Road.

A new Enterprize Zone involving 10 development sites across East Anglia, with the potential to create 18,500 jobs, was announced by Chancellor George Osborne today.

Natalie Moloney, of Woodbridge events firm Pink Lemonade Productions.

An entrepreneur is up for a fifth business award since her event planning company launched last year.

Most read

Most commented

Topic pages

Local business directory

Our trusted business finder

Property search

e.g. Oxford or NW3
Powered by Zoopla

Digital Edition

Read the East Anglian Daily Times e-edition today E-edition

Great British Life

Great British Life
MyDate24 MyPhotos24