This report examines the effects of rising business costs on 2,000 rural and 600 urban firms. Despite pressures, two-thirds kept employment steady, and 41% of rural firms saw turnover growth. Cash flow challenges, driven by energy and raw material costs, impacted two-thirds of businesses. Rural firms responded with price adjustments, efficiency improvements, and energy-saving investments. Remote areas faced heightened cash flow and competitiveness issues. The report urges policymakers to address critical cash flow needs, support carbon reduction efforts, and enhance investment guidance.
Author(s): NICRE – National Innovation Centre for Rural Enterprises
Year: 2023
