Firms report boost as they battle back

Local businesses recorded their strongest performance in two-and-a-half years in the second quarter of the year, according to the results of the region’s biggest regular independent business survey.

Derbyshire and Nottinghamshire Chamber of Commerce’s latest quarterly economic survey found that businesses are also reporting increasing confidence as they look ahead to the rest of the year, while their short-term order books – particularly from the domestic markets – are also filling up.

In the survey, a net 11 per cent of Derbyshire and Nottinghamshire businesses reported an increase in UK sales, with a net five per cent also reporting rising export sales.

There was, however, a net fall in the number of firms recruiting new staff in the second three months of the year.

Around 18 per cent of local firms reported that their cash flows had eased during the past three months, while nine per cent of local firms expectied their profits to increase over the summer.