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Swansea Bay Businesses Revelling in Growth of City

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Swansea Bay Business Club’s last Business Barometer of 2017 has painted a picture of optimism and stability amongst businesses from across the region. Respondents from sectors including manufacturing, finance, construction and retail signalled that their businesses have continued their strong performances in to the final quarter of 2017.

50% of those surveyed stated that their business has performed better over the last three months in comparison with the previous three, whilst a further 36% had stayed the same, with just 13% indicating a weaker performance.

A combined 90% of respondents also predicted that they would either perform stronger or the same over the coming three months.

Swansea bayPresident of Swansea Bay Business Club, Hayley Davies comments:

“It is very pleasing for us as a club to see that our members businesses are continuing to perform in to the final quarter of the year and that confidence and optimism remains for the future. One of our key remits is to promote prosperity and growth amongst businesses within the region and we are always delighted to see positive results from our barometer.”

With regeneration underway across the city, including the beginning of the £12m investment to change the face of the Kingsway in preparation for the new Digital District as well as the £15m redevelopment of Parc Tawe and the planned revamp of Castle Square, the outlook for Swansea and its businesses appears bright.

Looking ahead, results from the barometer remained positive as an impressive 54% of businesses predicted an increase in their profitability over the next three months with 32% expecting no change. Further to this, 31% foresee an increase in capital investment over the coming three months with 63% expecting the same levels as previously.

Hayley continued:

“The results from our latest barometer reflect the positive attitude across the city at the moment. As we see the first stages of investment from the City Deal, announced earlier this year, and other on-going regeneration projects, as well as the imminent decision on whether or not Swansea will be named the UK City of Culture in 2021, it is an exciting time for the city and all of the businesses within it.”

Swansea Bay Business Club’s remaining events this year are their Beaujolais and Christmas lunches at the Marriott Hotel in Swansea on November 16th and December 8th respectively. Both of these events are currently sold out and names are only being taken for the reserve list by e-mailing [email protected]

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Over the past 6 years, Rachel has been working specifically within the digital marketing space and has worked with some of the country’s top brands. During this time, Rachel was a key attribute to the success of our sister product, Recruitment Buzz, which has firmly established itself as one of the leading publications within the Recruitment sector. Drawing on her knowledge and experience, Rachel has developed a genuine understanding of how content can engage and compel an audience.

Having a passion for travel and culture, Rachel left her hometown of Cardiff to pursue studies and travel and after several years away, Rachel returned to Cardiff and firmly established herself within the development of Business News Wales. Rachel is now responsible for every aspect of web management, marketing and overall production of the Business News Wales brand.

Having learnt some invaluable skills within the marketing industry, Rachel is often called upon for her skills and knowledge of WordPress, HTML, email marketing software, Photoshop design and social media tools.

 

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