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Manor Royal BID publishes latest Economic Update

Manor Royal BID publishes latest Economic Update

The latest Manor Royal Economic Update looks at the survey undertaken by Crawley Borough Council on behalf of the Crawley Recovery Taskforce, analysing the responses from Manor Royal companies.

70% of Manor Royal businesses were either "significantly less busy" or "not trading at all" at the time of the survey with a corresponding impact on turnover, requiring many to take advantage of the Government's Coronavirus Job Retention Scheme (CJRS)

As previously reported, there were some businesses who were trading well and there are decent levels of optimism overall with 65% reporting feeling either "Confident" or "Very confident" of survival, of which 57% hoped to have recovered within one year. However, this was contingent on a resumption of the economy and the easing of lockdown measures.

70% also needed help to survive, with rent and rates being the most frequently mentioned area in which help was most needed.

For full analysis and the Manor Royal BID response - see the full report here.

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