Business leaders in the South West are confident 2023 will be more successful than 2022 despite challenging economic forecasts, new research has revealed.
A survey by Lloyds Bank found a total of 91% of firms in the region are planning to make investments over the next 12 months, while 42% expect a higher turnover. One in seven businesses (15%) expect turnover to increase by between 5% and 19%, with a further 16% anticipating a rise of more than 20%.
Overall, more than two-thirds of firms questioned believe they will achieve greater success in 2023 than they did last year.
