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Torbay Development Agency unveil business barometer

By This is SouthDevon  |  Posted: November 20, 2012

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The sixth consecutive Torbay Development Agency Business Barometer survey, designed to evaluate the state of the economy in the Bay, is now live and already receiving a lot of attention.

The questionnaire takes no longer than 10 minutes to fill out, and includes key questions on the market trends and economic conditions affecting businesses, and offering businesses the chance to have their say on the update of the Torbay Economic Strategy.

The survey provides feedback from local businesses in Torbay and helps build a picture of the economic situation in the area. Feedback received through the questionnaire also plays a vital part in shaping the business services Torbay Development Agency provides.

Results from previous surveys indicated that companies were unsure of the financial options available to them, and were also interested in skills, training and recruiting. As a result the TDA has partnered with local banks to organise the Access to Finance events to clarify funding options for local businesses. TDA is also partnering with the Torbay and South Devon Employment and Skills Board to organise the “Recruit Right, First Time” event on the 30th November, designed to make businesses aware of the range of employment solutions they can take advantage of to recruit the right staff.

Mayor of Torbay, Gordon Oliver, said: “It is important that we gain valuable feedback from the business community, therefore I invite all Torbay businesses to complete the Business Barometer survey to help the TDA build and clear picture of the current local economy and the main issues and opportunities that can be addressed to help businesses survive prosper and grow.”

Torbay Development Agency Chief Executive, Steve Parrock, said: “The Business Barometer is a valuable tool to help TDA accurately evaluate the economical environment in the Bay. It enables us to address the key issues and priorities in these challenging times. We are committed to improving the economy through regeneration, attracting investment and developing a business-friendly location for people to live, work, visit and invest in. Therefore the more information we can gather about the specific needs of Torbay businesses, the better placed we will be to identify the main priorities and opportunities that we can explore as the economic development company for Torbay”

All businesses are invited to complete the autumn 2012 Business Barometer questionnaire by visiting http://www.torbaydevelopmentagency.co.uk/businessbarometer before the survey closes on 6 December.

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