East Midlands businesses back pace of lockdown easing

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The majority of East Midlands businesses support the pace of easing of lockdown restrictions, according to the latest data from Lloyds Bank Commercial Banking research, with two-thirds ready to operate at close to full capacity when COVID-19 restrictions are lifted from Monday, 12 April.

When asked whether their business would have preferred or benefitted from a different pace of easing, 60% said they preferred neither a faster nor slower easing of restrictions.

However, a net balance of 29% of firms said they would have preferred a faster route out of lockdown and just 11% said they would have preferred a slower easing of restrictions.

The majority of those questioned (66%) said they will be able to operate at 80% capacity or more when restrictions for their sector are lifted.

The results of the research come a week after Lloyds Bank’s Business Barometer research revealed that UK business confidence reached a one-year high during March, with a quarter (25%) of firms saying they were planning to create new jobs in the 12 months ahead.

The East Midlands registered its highest confidence reading since February 2020, with 20% of firms planning to increase their staff levels in the next 12 months.

 link source - East Midlands Business Link General

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