Sunny

Sunny

max temp: 7°C

min temp: 2°C

ESTD 1874 Search

Bury St Edmunds: Independent study paints positive picture of town’s economy

11:06 18 June 2014

Bury town centre.

Bury town centre.

Archant

Business confidence in Bury St Edmunds “remains strong”, a business leader has said, following an independent survey.

Last night, the results of a benchmarking study which was carried out by Towns Alive (formerly Action for Market Towns) was presented to members of Ourburystedmunds, the Business Improvement District (BID) organisation.

For the study, which was commissioned by Ourburystedmunds, information was gathered from businesses and people who visit the town centre.

In many aspects of the report Bury scored well above the average for town centres regionally and nationally.

Amongst its findings were that 79% of town centre users felt cafes and restaurants were a positive aspect of Bury – an increase on the national large and small towns figures of 44% – and 33% of respondents spent £10 to £20 on an average visit to the town centre, while the averages for national small and large towns was slightly less.

A total of 51% of businesses reported that compared to last year their turnover had increased, and 46% said profitability had increased, which are both increases on last year’s figures and higher than the national averages for small and large towns.

The respondents deemed to be ‘visitors’ and living up to 30 minutes’ drive away was 49% – 8% higher than last year and 16% higher than the national large towns average.

Ourburystedmunds chief executive Mark Cordell said: “This year’s study confirmed that business
confidence in Bury remains strong and the prosperity of the town is seen as a very positive aspect which is good news for those who work or run businesses here as well as consumers.

“Of course the report has also highlighted areas that need more attention and although it recognises the work we have done regarding car parking charges, including the ‘free from three’ initiative on a Tuesday, it delivers a clear message that people want us to keep this subject, particularly pay on exit parking, at the top of the agenda.”

Ourburystedmunds said the full report would be considered by its board of directors and the areas respondents highlighted as needing improvement – including business rates, rental values and car parking charges – would be given particular consideration.

This is the third time such a study has been carried out among businesses, residents and visitors to Bury. Mr Cordell said he was “delighted” so many people had completed the survey.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Stock image.

A BMW was involved in a single-vehicle crash in Suffolk on Saturday night.

Inflatable 5k Santa Run at Trinity Park in Ipswich, December 2016.

Delivering millions of presents around the world in a single night won’t seem as strenuous this Christmas for Santa after he completed a gruelling obstacle course in Ipswich.

A120 at Marks Tey

A young man was killed during a crash between a car and a lorry in Essex this morning.

The RSPCA centre in Martlesham is appealing to animal lovers to consider adopting a new pet

The RSPCA are appealing for animal lovers to come forward and adopt some of the cute creatures they are looking to rehome.

Colchester police station

An 11-year-old girl from Colchester who police were searching for yesterday (December 2) has returned home.

St John's Church, Felixstowe. The Victorian Christmas Market. 
Kay and Debbie, stallholders with handmade stationery, jewellery & accessories.
Photo by:Gill Atacocugu.

Eagle-eyed shoppers have spent the day looking for the ideal gift at a Christmas market at a church in Felixstowe.

Partners Barbara Grace and Alan Sarfas are threatening to dismantle their beach hut and rebuild it outside Suffolk Coastal HQ if plans go ahead for a rates rise they say is unaffordable.

“We won’t let this happen without making a lot of noise”.

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View
HOT JOBS

Show Job Lists

Streetlife

Newsletter Sign Up

Sign up to the following newsletters:

MyDate24 MyPhotos24