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Northern Powerhouse European Union

GC Business Survey

Latest report: 3rd September

The findings in this report are based on 122 firms responding to the GC Business Survey between 29th July – 3rd September

Summary of key findings  

  • The main impacts facing businesses are decreased sales (31% vs 38% previous month), business travel
    to clients (32% vs 37%) and cashflow issues (25% vs 25%).
  • 66% of firms report that they have cash reserves to last over 6 months,stable from 67% previously.
  • The main challenges are currently seen as: getting access to new domestic sales opportunities (64% vs
    66%), developing new products & services (41% vs 40%), developing your business model & approach
    (38% vs 37%), managing the overall finances (40% vs 38%), and workforce and skills (31% vs 32%).
  • 68% of firms (up from 66%) expect profits to increase, while 2% (down from 3%) expect profits to
    decrease. The manufacturing and construction sectors were most likely to report an increase in
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Archived reports

Download 30th July report

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Download the 27th April report 

Download the 20th April report

Download the 15th April report

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The information provided is meant as a general guide only rather than advice or assurance. GC Business Growth Hub does not guarantee the accuracy or completeness of this information and professional guidance should be sought on all aspects of business planning and responses to the coronavirus. Use of this guide and toolkit are entirely at the risk of the user. Any hyperlinks from this document are to external resources not connected to the GC Business Growth Hub and The Growth Company is not responsible for the content within any hyperlinked site.