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Regional insights

The view from the North West mid-market

Every two months, we ask business leaders across the country to share their expectations and priorities for the future. We want to track how sentiment is changing in the market and get insight on timely issues: from tax to ESG.

Read the latest views from business leaders in the North West.

What’s changed since August 2021?

  • Business revenue optimism reduces by 6.5%
  • Optimism on UK economic outlook falls by 9%
  • 44% of businesses cited that they are facing reduced profits due to supply chain disruption

Carl Williams, North West Managing Partner for Grant Thornton UK LLP, commented:

“As North West businesses try to recover from the ongoing impact of the pandemic, the current level of supply chain disruption is now causing an amalgamation of other problems, from skills shortages and Brexit related uncertainties, to temporary issues such as shipping and production delays.

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“While business confidence is clearly fragile, the North West continues to show great resilience and confidence with their approach. With a successful tech sector, strong links to universities and businesses and fast-growing companies across booming sectors, we should remain optimistic.”

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