Businesses in the Gatwick Diamond are gearing up for growth according to the latest survey from the area’s business-led partnership.
The Gatwick Diamond Initiative has published the results of its autumn/winter Business Barometer survey, which is used to assess the mood of the business community in the area.
In addition to questions about economic confidence and access to finance, the survey focused on recruitment and skills in the region and implications for growth.
The results showed confidence among businesses was generally high, with 70 per cent expecting to grow business turnover over the next six months.
But there was concern about the costs associated with that growth and some 40 per cent of businesses expected to have to consolidate or reduce their costs.
Rosemary French OBE, Gatwick Diamond Initiative executive director, said: “This survey shows Gatwick Diamond businesses are ‘going for growth’ but there is no room for complacency and access to skilled people with the right attitude to work is going to be vital to fuel and sustain that growth.”
She added: “The Gatwick Diamond remains an attractive proposition for companies to invest or relocate to the area, and we are fortunate to have access to one of the most educated and skilled labour markets in the country.”