Oxfordshire is one of just three net county contributors to the UK economy, with numerous 'world-class' assets and the potential to compete globally in a number of identified sectors and technologies.
The county is also home to a thriving business community, with significant business survival rates (of the 2,790 new businesses created in Oxfordshire in 2011, 49.3% were still in operation in 2016 (ONS report - November 2017)), with South Oxfordshire in particular holding one of the highest five-year ‘survival rates’ for SMEs anywhere in the UK (Nesta's 'State of Small Business' report - October 2017).
Our business community has also shown great resilience and flexibility in times of change and potential uncertainty in response to some of the significant economic developments that have taken place over the last couple of years, so it is with this attitude in mind that we at OxLEP believe the Oxfordshire economy is well-positioned to react effectively to the challenges brought about by the Coronavirus pandemic.
We understand how important it is that we support our businesses through this difficult time and are determined to play a key role in the county’s response, through our conversations with Government and the sharing of relevant information and signposting of available support to our business community.
Watch our previous vlog on supporting our business community
