21 June 2018
Business growth snapshot shows Brexit ‘crunch spots’
• Firms in Northern Ireland and parts of the North of England show strong growth and productivity gains in latest annual study of SMEs
• Coastal and rural areas display lower numbers of fast-growing firms, leaving them vulnerable to economic shock
• Experts warn threat of more complex trading arrangements could undo recent success of firms in some regions
Brexit’s threat to burgeoning small firms in Northern Ireland and less dynamic areas of England, Wales and Scotland is underscored in the latest annual health-check of the UK’s SMEs.
The UK Local Growth Dashboard 2018, published by the Enterprise Research Centre, paints a stark picture of the nation’s varied growth geography among small and medium-sized enterprises.