Wednesday 18th October 2017
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Cambs firms confident that the outlook will stay profitable

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Almost two thirds of Cambridgeshire companies are optimistic about future business conditions and expect profits to increase over the next 12 months, says a survey from the Cambridge office of Grant Thornton. Launched ahead of the firm’s  ‘Cambridgeshire Limited’ study of the county’s 100 largest companies, the poll showed 65 per cent felt confident on trading conditions and 72 percent said the Brexit decision has had a neutral or even positive impact. A half of firms expect to take on more staff and 34 per cent are planning significant capital expenditure.

Paul Brown, director at Grant Thornton’s Cambridge office, said: “Interestingly as Brexit moves ever closer, it is perhaps surprising to see such a benign response for the majority of businesses to the impact this will have. This probably reflects the strength of our local economy, as demonstrated by the £1bn profits generated by Cambridgeshire Limited in 2016.” The 2017 Cambridgeshire Limited results will be unveiled at a breakfast briefing on Thursday 16 November at The Cambridge Belfry Hotel. Email This e-mail address is being protected from spambots. You need JavaScript enabled to view it to register or for a copy.

Photo Paul Brown of Grant Thornton (left) with Ian Mather of Mills & Reeve to mark the launch of Cambridgeshire Limited 2017.