Shaping the Future: Local Economy Insights and Strategies

The "Local Economy of the Future Challenge Report," developed by the British Chambers of Commerce, highlights how crucial it is for businesses to drive local economic growth and shape thriving communities.

Small and medium-sized enterprises (SMEs) make up 99.9% of the UK's business population, employ three-fifths of the workforce, and contribute to around half of private sector turnover. Therefore, businesses play a vital role in shaping the UK’s economic landscape, not just by generating profits but also by committing to the well-being and growth of the communities in which they operate. 

This report examines the current economic landscape, identifying areas that work well and areas needing improvement to pave the way for vibrant local economies in the future. It stresses the importance of businesses in leading this transformation and calls for adaptations to support sustainable economic growth.