The past week has seen a series of victories for the business community in Lincolnshire, causing a true sense of excitement and anticipation across the region. From Scunthorpe to Teesside and Skinningrove, considerable developments are poised to strengthen our economic scene.
Firstly, UK industries have collectively expressed relief as a result of a new tariff agreement with the US. This new arrangement will implement a reasonable 10% import tax on the majority of goods shipped from the UK to the US. This significant step forward is greatly beneficial for our local exporters, who can anticipate improved trading relations and increased market access in the States.
Adding to the exciting developments, British Steel announced a remarkable increase in production. This has led to the formation of 180 new job positions. The majority of these roles will be established in Scunthorpe, with new job opportunities also available in Teesside and Skinningrove. This elevated job creation truly reflects the persistence and commitment of our local businesses, shining as a beacon of opportunity for job seekers across the region.
Finally, the recent business report revealed several victories across our local businesses. The Scunthorpe Steelworks deserves particular acknowledgement, having secured a vital government supply agreement. This entails a consistent supply chain for the steelworks, and provides a reassuring sense of stability for both the town and its residents.
Reflecting on the actions of the past week, it is evident that Lincolnshire’s business community is truly flourishing, generating employment opportunities, and pushing boundaries. We are determined to maintain this positive momentum, ensuring the sustained prosperity of our local economy.
