The latest South of Scotland Business Panel Survey, carried out in June and July 2022, has revealed that 95% of the 600 businesses and social enterprises interviewed reckon rising costs were impacting operations.
Increased inflation and the war in Ukraine-Russia conflict also had an impact on business confidence, with 40% of respondents staying they were optimistic for the next 12 months, down from 52% during the previous survey in February and March.
Despite the challenges, 91% of those interviewed were confident in their own viability over the next six months.
