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Cost pressures putting massive squeeze on micro and small businesses in the Lisburn and Castlereagh City Council according to latest NI Enterprise Barometer findings

Cost pressures putting massive squeeze on micro and small businesses in the Lisburn and Castlereagh City Council according to latest NI Enterprise Barometer findings

Posted on November 28, 2023

Enterprise NI has revealed over half (52%) of the micro and small businesses surveyed in its 2023 NI Enterprise Barometer believe cost pressures are impacting the future sustainability of their business. For the first time, the survey findings now offer a breakdown of results for each Council area. Among those findings for the 2023 NI Enterprise Barometer for the Lisburn and Castlereagh area, are:

43% of Lisburn and Castlereagh respondents stated that the cost of doing business was affecting their future sustainability.

82% said their business was either growing or stable 

90% of respondents said their turnover had either increased or stayed the same. 

59% of local businesses said there are prospects for their business to grow.

The full list of findings for each council area can be found online at www.enterpriseni.com.