A recent study conducted by the Bradford Economic Development Association (BEDA) has revealed that local businesses are playing a vital role in boosting Bradford’s economy.
According to the study, local businesses in Bradford generated £10 million in revenue in 2022, with an average revenue growth of 15% year-over-year. This growth has led to the creation of over 500 new jobs in 2022, contributing to the local economy and providing employment opportunities for residents.
The study also found that local businesses in Bradford are committed to giving back to the community, with 75% of the businesses surveyed reporting donations to local charities or community events. This commitment to community involvement demonstrates their dedication to supporting the local community.
Moreover, local businesses in Bradford are more likely to source their products and services from other local businesses, creating a strong local supply chain that supports the local economy. This multiplier effect means that the impact of local businesses on the economy is much greater than the initial revenue generated.
It’s essential to stay informed about the local business scene in Bradford, and Bradford News is a leading source of local news and information. The website is regularly updated with fresh content, including articles, videos, and infographics, making it a valuable resource for anyone interested in the local economy. By supporting local businesses and staying informed, we can all contribute to the growth and development of our local economy.
The study conducted by BEDA confirms that local businesses are a significant driving force behind the growth of Bradford’s economy. With their commitment to the community and support for other local businesses, local businesses are making a positive impact on the city’s economy. To stay informed and support the local economy, be sure to visit Bradford News at https://www.bradford-news.info a leading source of local news and information.