View from the Chamber – August 5

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Lochaber Chamber of Commerce.

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Growing business activity and confidence

There are welcome signs of recovery in the Scottish economy with the Scottish Chambers of Commerce quarterly economic indicator published this month and the latest survey from the Fraser of Allander Institute both reporting feelings of growing confidence and optimism across the Scottish economy.

According to the Scottish Business Monitor report published this week by the Fraser of Allander Institute, activity has risen in Scotland as the wider economy continues to re-open. It indicates that businesses are optimistic about their volume of business, employment levels and turnover over the next six months.

For the first time in more than a year, businesses in Scotland can see the first shoots of recovery as COVID-19 restrictions begin to lift, according to a leading quarterly survey by the Scottish Chambers of Commerce (SCC).

The SCC’s Quarterly Economic Indicator for the second quarter of 2021 indicates more positive growth across all sectors surveyed, although ‘caution’ is still the watchword for many businesses.

Commenting on the report, SCC president Tim Allen said: ‘Priority must be given to continuing the provision of targeted financial support where it is needed most and, looking ahead, both governments must create the right environment for businesses to get back on their feet, create jobs and trade successfully again.’

Lochaber Chamber of Commerce is part of the Scottish Chambers of Commerce network. This is Scotland’s largest business network with more than 12,000 business members, across a network of 30 regional Chambers of Commerce, providing business support, intelligence and connections.

If you’d like to access the benefits, resources, information and events available to your business in Lochaber, get in touch on membership@lochaberchamber.co.uk