August 14, 2023 6.00 pm This story is over 10 months old

Lincolnshire businesses defiant in face of inflation and cost of living crunch

We speak to businesses about how they’re coping, and what can be done
| Image: Adobe Stock
By Local Democracy Reporter

Business owners in Lincoln and beyond are fighting back against the current “challenging” business climate, surviving soaring inflation and operating costs to keep themselves afloat.

A growing burden of economic pressures are making it harder for businesses to stay open. Research published by the Federation of Small Business (FSB) found that more East Midlands-based small businesses reported revenue drops (44%) compared to those that reported increases (24%).

Read the full story on MyLocal, the new home of The Lincolnite.