Sunny

Sunny

max temp: 11°C

min temp: 6°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.

shares

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.

shares

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

A small plane kept the Virgin balloon company for part of the trip

Geometrical farmers’ fields, tree canopies and a selfie were all caught on camera when photographer Sarah Lucy Brown flew over the county in a hot air balloon.

Jonathan Glenister, who has been reported missing

Police are searching for a 20-year-old man from Haverhill who has not been seen since Saturday evening.

HMS Rhododendron at anchor in Russia

Talk of VE Day evokes different memories for different people. For Arthur Simmons, it came as he sailed back from Russia.

IPSWICH TOWN FOOTBALL CLUB

Fans of the animated Disney film Frozen will have the opportunity to experience every song and snow flake with an Open Air Cinema Day at Ipswich Town Football Club this summer.

Debenham village parish sign.

The leader of a Suffolk village authority has questioned the electoral process after a representative could not stand for re-election due to citizenship issues.

Delays have been caused by a signal fault

Rail services between Norwich and Diss are having to run at a reduced speed on some lines due to a fault with the signalling system.

The future of RAF Lakenheath will be central to election battle in West Suffolk on May 7

Forest Heath District Council covers a large rural area, stretching from the Cambridgeshire border and Newmarket in the south to the town of Brandon on the Norfolk border.

Blackburn v Ipswich

Ipswich Town have sold almost 2,000 tickets so far for Saturday’s crucial away trip to Blackburn Rovers, and there are still some remaining.

Aerial shot of Ixworth.

Four vehicles collided at a roundabout on the A1088 in Ixworth.

Have you seen any of the livev TV debates ahead of the General Election?

It’s nearly time to cast your vote and with just a week to go before the country goes to the polls, we want to know your current views on several key issues.

Most read

Most commented

Topic pages