Spring Statement South West business reaction: Welcome for commitment to growth

Chancellor Rachel Reeves’ commitment to help drive business and economic growth in her Spring Statement has been welcomed by the South West’s largest business membership organisation.

Business West, which runs the chambers of commerce in Bristol Bath, Wiltshire and Gloucestershire, said it was vital that this focus continued alongside ongoing commitments on planning reform and increased defence spending.

Business West MD Phil Smith said the organisation was also encouraged to hear the Chancellor’s plans to tackle the construction skills gap, which was hampering the ability to build the homes needed across the region.

“This is in line with the recommendations from the Local Skills Improvement Plan, which Business West leads for the West of England and North Somerset, Gloucestershire, Swindon and Wiltshire,” he added.

He also said Business West was pleased that the Chancellor had referenced Swindon in plans to support councils and housing associations bring bids forward for new developments.

“This upfront investment in housing delivery will help attract private investment, said Mr Smith.

“Business West has been working closely with Swindon Borough Council on bringing forward a new wave of housing in the heart of Swindon.

“It is vital that the focus on business and economic growth continues, and we welcome the Chancellor’s commitment to helping drive this.”

Business West is a member of Swindon Futures Commission, a dedicated group established to investigate, analyse and propose solutions to vital issues affecting the town’s economic performance and future trajectory.

Its aim is to shape a forward-looking vision for Swindon that prioritises sustainable and inclusive economic growth.