Industrial warehouse development in Bristol excited to see massive local growth

Central Park, the industrial warehouse development to let in Bristol, is excited to see that four in five Bristol businesses are planning for growth this year, according to research issued by HSBC.

The Ambitious Business report found three in five (60 per cent) local business leaders who responded are confident in the current economic climate, up from 36 per cent the same time last year. Some remain cautious, however, with two fifths (42 per cent) still believe it is too risky to make significant investment. But nearly half (47 per cent) believe if they don’t invest in growth they could fall behind the market.

Gary Burton, South West and Wales regional commercial director for the bank, said: “The findings mirror what we’re seeing in the South West, with businesses looking to the future now confidence has been acknowledged across the region. We’ve experienced consistent growth in overall new business lending in the last year, with opportunities emerging across a number of business sectors and our customers seeking our support for their investment plans. With improving conditions helping to boost SME revenues, there is no better time for businesses to be accessing our advice and support.”

The bank has set aside £6 billion for new lending to small and medium sized businesses in 2014.

Source: Bristol Post