Partly Cloudy

Partly Cloudy

max temp: 11°C

min temp: 6°C

Search

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

PUBLISHED: 11:06 18 June 2014 | UPDATED: 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

A grieving Ipswich father whose 26-year-old son died in a car crash is demanding a change in the law over the “ridiculous” rules regarding compensation for bereavement paid by insurance companies.

Suffolk Fire and Rescue Service have tackled fires across the county today.

Just under 200 women took part in the second-annual, multi-terrain charity fun run.

Suffolk Highways has now proposed a 50mph section between Newton Green and Assington.

A “dangerous” man is wanted by police who are investigating the death of a man following a burglary in Essex.

The Eye Open Gardens Festival plans to open around 30 private gardens and courtyards this summer.

More than 100 bikers have taken to the roads of north Essex in tribute to a motorcyclist who lost his life in a crash last week.

Most read

Great Days Out

cover

Click here to view
the Great Days Out
supplement

View

Eating Out in the Broads

cover

Click here to view
the Eating Out
supplement

View

Visit the Broads

cover

Click here to view
the Visit the Broads
supplement

View

Most commented

HOT JOBS

Show Job Lists

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter
MyDate24 MyPhotos24