Working with regions to combat the coronavirus
30 March 2020: Rosalia Wood, Regional Industrial Strategy Manager appeals for ICAEW members’ help in providing regional anecdotes for our work with local business policymakers.
What has become apparent with this pandemic is that it does not discriminate in terms of its impact on business. Large or small, sector to sector, it is undeniable that COVID-19 will have a resounding impact on the business landscape for years to come. The impact on local economies, however, remains to be seen, and with many of them centring around specific sectors, such as manufacturing or retail, it is clear that the effect on the regions may vary hugely. With this in mind, many local business policymakers such as Local Enterprise Partnerships and Combined Authorities are creating action groups to mitigate the effects of the virus.
We believe that ICAEW’s regional members with their incomparable reach into business have a huge amount to offer in helping these bodies support local business. ICAEW has been proactively contacting LEPs, Combined Authorities and Growth Hubs to offer our support on their coronavirus response groups. ICAEW Regional Directors now have a seat on these boards established by the West Midlands Combined Authority, Greater Manchester Combined Authority and Hertfordshire LEP. We will continue to work with these and all of the other business support organisations across the UK to feed in your views and opinions on how best to support business in your region.
We can’t, however, provide the much-needed regional insight and intelligence we need on how businesses are coping with the outbreak and how they feel about the Government’s proposed measures without you, our members. If you’d like to contribute and offer your views, concerns and comments to support this crucial work, please do take the time to fill in our member survey.
For the latest news and guidance on the ongoing impact of COVID-19 for businesses and accountants, visit ICAEW’s dedicated Coronavirus Hub.