End of year disruption threatens to de-rail the Midlands’ recovery but businesses pledge to expand globally and create jobs.

REGIONAL SNAPSHOT

Our latest Rethinking the Economy survey of 500 mid-sized businesses, found that businesses within the Midlands fear supply chain disruption will impact their ability to offer the usual range of products and services, curbing their end of year trading. A third of businesses in the region are planning to increase the prices of their goods and services as a result.

BDO RESEARCH HIGHLIGHTS

Despite these pressures, more than half (58%) of companies in the region expect to see their revenues return to pre-pandemic levels within 12 months.

There is a sense of cautious optimism looking into 2022 with nearly a quarter (22%) of Midlands companies surveyed prioritising investment in international expansion and creating new jobs (20%) to support future business growth. One in five Midlands businesses are looking to drive growth into the US next year and 22% are looking towards Asia for sources of growth.

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