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SPRING/SUMMER 2016

OUR GUEST EDITOR ROB JOHNSTON OF CUMBRIA CHAMBER OF
COMMERCE WELCOMES THE NORTHERN POWERHOUSE:

“One of the benefits of the Northern Powerhouse initiative is the change of focus from
London to the North of England. As the success of the South is built effectively on
the finance sector, it also brings focus on to manufacturing and services, in particular
manufacturing. This has got to be to the benefit of Cumbria, as contrary to the perceived
view we are in fact a manufacturing county, with manufacturing accounting for around
27% of our output and significant trade internationally.”

What will this mean for Cumbria and our businesses? It is, however, easy to lose sight of how these announcements
With the focus largely targeted around the North’s major will help the smaller businesses within the county, but with
cities, it is important that we make sure Cumbria is not the funding being provided and the money well spent on
overlooked and that we continue to shout about the great local transport and regeneration, it in turn will create a
work that is going on within the county. Strong service boost for the county through job creation and an increased
sectors specific to Cumbria include energy, manufacturing, number of visitors to the area. In such times we will see local
defence and tourism. businesses excel by taking advantage of the opportunities
available, and we will also see a number of new businesses
NuGen’s planned Moorside nuclear power station and start up.
BAE Systems’ continued production of submarines are
just snippets of evidence that the Cumbrian economy is At David Allen we not only help established businesses
significantly contributing to UK prosperity. grow, but we are committed to supporting the growth of
our local Cumbrian economy and those starting their own
Tourism is the county’s largest industry and in light of the business venture. Starting a new business can be a daunting
devastating flooding in December 2015, it is important that and uncertain time for those involved, but professional
we remain focused to ensure this sector recovers strongly advice from the outset will keep you on the right track. The
from the recent setbacks. Extra money for flood defences, combined expertise of our team will ensure your business
paid for by an increase in Insurance Premium Tax will raise sets off on the right foot from the word go!
£700 million a year of which Cumbria will receive a share
to boost our resilience and flood defences. Tourism is If you are considering starting your
predicted to grow at an annual rate of 3.8%, outperforming own business or would like to find
the overall UK economy. With the county receiving some 41 out how we can add value to your
million visitors per year, it is clear that tourism in Cumbria is current business, please contact Danny
of great value not only to Cumbria itself but also to the rest for your free business review on
of the UK economy. 01768 877000.

In addition, and evidence of further commitment to the
county, the Government has pledged £47.7 million to
Cumbria Local Enterprise Partnership to support a range
of projects. These include development of the Port of
Workington, by delivering better road and rail links into the
port, and a new £26.5 million facility in West Cumbria to
showcase UK excellence in fuels, computing, reprocessing
and remote engineering.

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