HUDDERSFIELD firms are feeling the impact of the recession – but many continue to grow.
That was the message from a business briefing attended by delegates from 200 West Yorkshire firms at the Cedar Court Hotel, Ainley Top.
The event, hosted by Martin Humberstone, area director for Lloyds TSB Commercial, aimed to offer practical advice to local firms and build relationships between businesses, support agencies and Lloyds TSB business managers.
Mr Humberstone said: “Increasing numbers of firms in Huddersfield are feeling under pressure due to the tough economic conditions they are facing.
“The strength and determination of local entrepreneurs means many firms are continuing to grow, but there is a clear need for practical advice and guidance on the best way to thrive in the downturn.
“We are committed to supporting our customers by doing everything possible to ease the strain small firms are now under.”
The bank has drawn up a business charter for its customers that includes passing on future base cuts in 2009, agreeing to any “reasonable” request for short term finance and not changing the price or availability of overdrafts during the period of a customer’s agreement as long as their accounts are maintained within agreed limits.