Tees Valley businesses optimistic for 2022 but facing staff shortages

We recently launched a new quarterly survey; the Tees Valley Business Index, as a representative temperature check for enterprises across the five Teesside boroughs. The results of our first Business Index revealed that 100 per cent of respondents reported being optimistic or very optimistic about their organisation’s future and the future of Tees Valley as a business hub in the UK.

The survey also showed that, within the last three months, all participating businesses’ turnovers had either increased or stayed the same and they employed the same number or more staff.

Recruitment was raised as an issue for many employers, with 63 per cent citing ‘finding people’ as the most significant challenge to their business.

MD Karl Pemberton said: “Tees Valley is receiving a significant amount of investment and government support, so it’s no surprise that businesses are being buoyed by this and feeling optimistic.

“After a difficult two years, it’s great to see companies thriving, and even having opportunity to grow, rather than falling victim to COVID restrictions.

“More than half the firms in the survey had vacancies available for the right people, and I hope this will attract more talent to the region and cement the Tees Valley’s reputation across the country as a hub for industry.

“This year promises to bring more developments and opportunities to the region. It’s a fantastic time to be in business in Tees Valley.”



Visit the Active Chartered Financial Planners website

For regular updates, follow us on Twitter, FacebookLinkedIn

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.

Are you a Trustee? You must register your trust by 1st September 2022

15th August 2022

Important changes mean that all trusts must be registered with HM Revenue and Customs (HMRC) via their Trust Registration Service by Thursday 1st September 2022. The Trust Registration Service, or TRS…

The Active ladies raise over £1000 for charity!

25th July 2022

They did it! The Active ladies walked 'in to the light' for The Teesside Charity and raised £1050 in the process! Beginning the long walk just after midnight on Sunday…

The Active Ingredients: Liza Pontone

25th July 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,…