Tees Valley businesses booming but concerned about rising costs

Businesses in Tees Valley have seen increased turnover since the start of the year but are concerned about rising utility costs, according to a business survey commissioned by Active Chartered Financial Planners.

The firm launched its quarterly Tees Valley Business Index in January, as a representative temperature check for enterprises across the five Tees Valley boroughs. The second survey, covering the first three months of 2022, found that 67 per cent of responders had seen their turnover increase in the past three months, with 20 per cent remaining the same.

The survey also showed all participating businesses were positive or very positive about the future of Tees Valley as a hub for business and industry.

While recruitment, the biggest challenge from the January business index, still a major issue for most businesses, 53 per cent of respondents cited high energy and fuel costs and inflation as additional concerns.

Karl Pemberton, managing director of Active Chartered Financial Planners, said: “It is fantastic to see that the majority of businesses in Tees Valley are enjoying an increased turnover, or at the very least, that it has remained the same since the start of the year.

“It is also very positive to see that all the businesses we contacted are optimistic about Tees Valley’s future as a hub for industry. There has been a great deal of investment in the area, and it is developing a strong reputation as a centre for excellence.

“A number of organisations we contacted had roles available, meaning recruitment is still very much on the agenda, however in a change from our first business index survey, the issue of the increases in costs was raised by more than half of our respondents.

“It’s important to remain optimistic and focus on long-term planning to combat the rising prices of fuel and energy.

“We welcome more owner managed businesses to take part in this quarterly survey which takes less than 2 minutes to complete. Please contact Ruth Conner by email rconner@activefp.co.uk if you want to learn more.”



We are always on the lookout for amazing people to join our team; visit the Active Chartered Financial Planners website or follow us on Twitter, FacebookLinkedIn for updates

Get in Touch

If you would like to find out more about how we can help you, please give us a call or drop us an email.

Phone Us Email Us
Keep up to date

Sign up to our newsletter to keep up with all things Active.

Active Spirit

“Having been a client of Active for many many years and have always been given great advice and direction. I am now looked after by Andrew. He has given excellent advice and service, continuing on the great work this company has always offered me. Always cheerful and helpful; a great asset to Active. I have no problem recommending him to other people.

The Active Ingredients: Joe Carey

24th May 2022

Welcome to the latest edition of ‘Active Ingredients’ when each quarter we invite a member of our team to tell us a little about themselves; what brought them to Active,…

Yarm School students tell a ‘tale as old as time’ with our help

23rd May 2022

Yarm School students will be swapping hockey for harmonies and chemistry for choreography as they tread the boards in their latest musical production, Disney’s Beauty and the Beast. The show,…

An expert’s view: Rising to the challenge of capital markets

23rd May 2022

With special guest & industry expert Lothar Mentel, CEO of Tatton Investment Management Through the winter months, equity markets remained generally stable, with Europe and China peaking early on. North…