Despite the shock result of the BREXIT referendum, Exponential Training and other businesses in the UK are not as pessimistic about the economy as the media might have you believe. Let’s look at the evidence.
Latest Business Research
New research from Grant Thornton International has found that business confidence in the Midlands remained strong in the third quarter of 2016, despite the UK’s vote to leave the European Union. It found that most businesses are optimistic about the year ahead.
In Grant Thornton’s latest International Business Report, they found that just under 63% of surveyed businesses operating across the Midlands are optimistic about the economy’s outlook.
The global survey, which includes 500 UK based businesses, reported that business confidence in the Midlands is amongst the highest in the UK. The survey also found that over 70% of businesses located in the Midlands expect an increase in annual turnover with 64% expecting an increase in profitability. Almost half expect to increase or at least to maintain export activity. Perhaps even more surprising is that just under half expect to increase the number of employees.
Exponential Post BREXIT
Not wanting to jinx Exponential Training, Managing Director, John Moore said, “Exponential Training has continued to thrive since the BREXIT referendum. We have started four new European contracts (average duration 30 months), a large-scale management development programme on behalf of the United Nations Human Rights Council and dozens of UK-based development programmes.”
This platform has given the Board of Directors, the confidence to invest in several new internal business projects. One of the first signs of this investment will be seen in January with the launch of the new Exponential Training website.
The team is also busy behind the scenes. One of the projects will transform the company’s digital capability whilst another will upgrade the quality of support the Exponential Team will be able to provide to its hundreds of learners.
John added, “This is a really exciting time. Instead of viewing the challenges posed by BREXIT negatively, we are working hard to see the opportunities. Since January, we have doubled the number of managers, coaches and consultants we are supporting through our on-line programmes – we expect this trend continuing into 2017."
Look out for announcements of new opportunities to improve your performance and productivity between now and the end of January 2017.