Wrexham firms fighting recession
December 5, 2009 by Lyndon
This year, the UK’s largest survey of small businesses revealed Wrexham as the best performing location in the whole of Wales. Business Pulse 2009 was a very comprehensive survey. It showed that just under one third of small to medium businesses in Wrexham achieved an increase in turnover. It also revealed Wrexham as having the highest number of small businesses in Wales, 17%, achieving better than 10% growth. The figure for the whole of the UK was 8% experiencing this level of growth.
Traders remain optimistic with 70% predicting better results next year. Some say they have, or will, come out of the recession as much stronger businesses. The survey was commissioned by BT and 7,000 small businesses across the whole country were involved.
The results of the survey were announced at the start of Small Business Week 2009. It was also said that small businesses are of vital importance to the economy of the UK. The importance of new technologies highlighted new ways to improve efficiency and reduce costs. Interestingly, two thirds of companies in Wales identified faster broadband speeds as having a real benefit to their business.
So typical small firms, for example, printing companies in Wrexham, are vital to the economy in combating the effects of recession. They point the way forwards and remain optimistic in the face of adversity. This sector is at the sharp end of new innovations in technology. Therefore, it is always quick to react to change.