Investors confidence falls in East Anglia

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Less than a third of property businesses in East Anglia are planning to increase their financial investments over the next three to six months, according to a survey by Lloyds TSB Commercial.

It found that SMEs in the East Anglia face issues around local planning policy, which impacts on the appetite to invest.

Businesses in the East Anglia reported a reduction in confidence from -1.2 to -5.4, below the national average of -0.4.

This is in stark contrast to the London property sector, where businesses reported an increase in confidence to +15.

Barry Coote, relationship manager for Lloyds TSB Commercial in East Anglia, said: ““It continues to be a challenging time for those operating in the property sector in East Anglia.

“SMEs continue to cite the challenging UK economy and local planning policy issues as influencing their decisions to invest.”