Mixed picture on insolvencies

Caroline Williams, Chief Executive, Norfolk Chamber of Commerce

The rain is held responsible for the rise in the number of retailers falling into insolvency which rose to 426 in the 2nd quarter of 2012 up from 386 in the previous year according to PWC.

However insolvencies across the wider economy including other sectors such as construction and manufacturing were down 3% on the previous year.

Norwich continues to attract national names with the new Jamie Oliver restaurant opening today.There are already 30 Jamie Oliver Italian restaurants across the UK and also one in Sydney and Dubai. It is important that Norwich builds on our increasing positive reputation to attract further investment.

Norfolk still finds it challenging to attract enough skilled managers and having a dynamic city is increasingly important to attract them and their families.

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