Company directors in Cambridgeshire
are more optimistic now about the prospects for their businesses than
they have been for at least two years, according to the latest survey
from the Institute of Directors (IoD).
Directors in the south of the county
around Cambridge are feeling particularly bullish with a balance of 42
per cent who responded to an IoD survey saying they are more
optimistic now than they were three months ago. Further north, in the
survey area which includes Peterborough, there was slightly more
caution with a balance of only 34 per cent saying they are more
Both figures, though, are more than
four times as high as those giving the same replies at the end of
The rise in optimism comes despite a
slight fall - from 75 per cent to 66 per cent - over the same period
in the balance of directors in the south of the country who say their
companies are performing well. In the north of the county the figure
rose slightly from 64 per cent to 67 per cent.
The optimism is reflected in
recruitment plans with a balance of 30 per cent of directors in the
south of Cambridgeshire and 19 per cent in the north predicting that
they will be employing more people in three months time.
Stephanie Smye, chairman of the IoD
Eastern Branch which represents 1,000 company directors throughout
Cambridgeshire, said: "It is difficult to see what has changed so
drastically in the economy since the previous survey to justify such a
dramatic change in outlook - especially as figures for such things as
capacity utilisation and order books have in some cases got worse.
"The new mood is to be welcomed,
though, if it leads to investment and activity which will generate new
jobs and prosperity.
"If there is a recovery, however,
it is a delicate flower. These survey results were taken before the
recent Budget and I hope that this has not caused the bloom to