Lancashire votes Leave in EU Referendum: The business community reacts

By Dean

24 Jun 2016

All 14 of Lancashire's boroughs have voted to leave the European Union in the EU Referendum.

The seaside town of Blackpool returned the largest majority of leave votes in the North West, with 67.5 per cent, whilst Lancaster saw the smallest majority with 51.1 per cent.

The full results were:

BlackpoolLeave: 67.5%Remain: 32.5%

BurnleyLeave:Remain:

HyndburnLeave: 66.2%Remain: 33.8%

WyreLeave:Remain:

PendleLeave: 63.2%Remain: 36.8%

RossendaleLeave:Remain:

South RibbleLeave: 58.6%Remain: 41.4%

FyldeLeave:Remain:

ChorleyLeave: 56.8%Remain: 43.2%

Ribble ValleyLeave:Remain:

Blackburn with DarwenLeave: 56.3%Remain: 43.7%

West LancashireLeave:Remain:

PrestonLeave: 53.3%Remain: 46.7%

LancasterLeave:Remain:

 

 

Mike Damms, chief executive, East Lancashire Chamber of Commerce:

It is statistically surprising that all of Lancashire’s boroughs voted leave, although this has been pretty consistent with the results from similar northern areas but the contrast with neighbouring Manchester who are arguably more cosmopolitan and administrative is noteworthy.


Frank McKenna, chief executive, Downtown Business in Lancashire:

Political leaders have a huge job in restoring confidence and healing the country which is clearly divided. I think business leaders need to do all we can to support that process.


Mike Perls, chair, IoD North West:

British businesses are resilient and, with their characteristic ingenuity, they will weather this storm. It is now beholden on politicians to negotiate a deal with European leaders which preserves the ability of British firms to trade easily with the remaining member states.

Companies do not want to have to worry about losing valued staff.

The IoD will be running a snap poll of its members on what the referendum result means for business. The results will be released for publication on Monday morning.


Jane Parry, managing partner and head of tax, PM+M:

We are now in uncharted territory and likely to see continuing instability across the economy and political arena for some time to come.

The immediate priority for businesses is to understand what they can do to give comfort and confidence to investors and funders and to start to put a plan in place to navigate the business through the next two years.

 


Carolyn Fairbairn, director-general, CBI:

The British people’s vote to leave the EU is a momentous turning point in our history. The country has spoken and it’s for us all to listen.

The urgent priority now is to reassure the markets. We need strong and calm leadership from the Government, working with the Bank of England, to shore up confidence and stability in the economy. The choices we make over the coming months will affect generations to come.

 


Lynn Everson, managing director, Lifeline Language Services:

As an organisation whose members are focused on supporting companies internationally with their language service needs, we are concerned and disappointed by the results of yesterday’s referendum.

We are already facing a record UK trade deficit and an exit from the EU will further feed into that narrative making it even harder for the UK to close to improve its export performance with Europe and the rest of the world.


Terry Scuoler, CEO, EEF, the manufacturers’ organisation:

While it is not the result many businesses wanted, it’s the democratic will of our nation. The Government must move very quickly to stabilise the economy, reassure the markets and shore-up business confidence. The process of leaving the Union will take some time, and the Government should not rush to instigate Article 50 and the formal exit process, while there is so much uncertainty. Ministers must think carefully about our negotiating position while setting out a clear roadmap for establishing a new deal with the EU which remains our biggest market and trading partner.

In the complex task of unpicking the UK from EU regulation and legislation, the Government must tread carefully, keeping if we can a trading relationship with the single market, avoiding dramatic overnight changes and not becoming bogged down to the detriment of making long-awaited and much-needed decisions on projects vital to our future economic prosperity.


Simon Allport, senior partner, EY North West:

The initial impact of the vote to leave the EU may not be felt straight away as we will still likely be full members during the negotiations. There is a risk that we may see investments continuing to be delayed and transaction activity continuing to be put on hold in the face of heightened uncertainty.

Europe is a significant investor in the North West, as our recent UK Attractiveness Survey shows, in particular from Germany and France.

Businesses across the region will also be keeping a close eye on any changes to regulation and to Government policy, particularly around issues such as taxation, EU research funding and potential use of state aid by UK Government to back selected sectors.


Peter Elston, chief investment officer, Seneca IM:

It is unclear how far and for how long markets will fall though it is quite possible that markets today will end the day well off their lows. Markets have a tendency to overreact.

The financial markets are sending a clear message today that it could well be bleak, though that is by no means a certainty. Indeed 52 per cent of the electorate believes that the UK's prospects are now brighter. They and their flag bearers should now be listened to.


Mike Cherry, national chairman, Federation of Small Businesses (FSB):

FSB calls on the Government for clarity on what these decisions now mean for business, including how businesses will have access to the single market and the free movement of people and trade.

Enjoyed this? Read more from Dean

Latest news

1

Spirits company opens new whisky distillery Lancaster Spirits Company New Distillery

Spirits company opens new whisky distillery

17 Jul 2024

2

Rayner urged to press on with devo deal Lancashire Devolution

Rayner urged to press on with devo deal

17 Jul 2024

3

Hot 100: Resilience counts in uncertain times Hot 100 Logo

Hot 100: Resilience counts in uncertain times

16 Jul 2024

4

Kingsley Asset Finance hires new senior underwriter IMG-20230616-WA0004.jpg.jpg

Kingsley Asset Finance hires new senior underwriter

18 Jul 2024

5

Thompsons Contracts sponsors Elmer's Big Parade in Blackpool thompsons-csr.jpg.jpg

Thompsons Contracts sponsors Elmer's Big Parade in Blackpool

18 Jul 2024

Bec Web Strip 980x120
Background image for hub sign up block

LBV Hub

Leverage Lancashire Business View platforms

Post your news
Post your events
Post your offers
Build your network
Improve your SEO
Gain coverage in the magazine
Sign-up
Events
Lancashire Built Environment Conference
BEC 315 X 315 Px
Networking
25 Sep 2024

Lancashire Built Environment Conference

Conference and Exhibition Centre, Winter Gardens Blackpool, FY1 1HL

08:30 - 13:00

RISE - The Academy for Female Leaders and Managers
WENDY BOWERS RISE Illustrstion copy.jpg.jpg
LBV Hub Seminars
11 Jun 2024 - 04 Dec 2024

RISE - The Academy for Female Leaders and Managers

East Lancashire Chamber of Commerce, Clayton le Moors, BB5 5JR

09:00 - 16:30

The Business Network Central & East Lancashire
LBV Header (10).png.png
LBV Hub Networking
18 Jul 2024 - 18 Jul 2024

The Business Network Central & East Lancashire

Mytton Fold, Langho, BB6 8AB

11:30 - 14:15

Conversations in Creativity - Creative Networking Event
Untitled design-4.png.png
LBV Hub Networking
18 Jul 2024

Conversations in Creativity - Creative Networking Event

Society1 Coworking Space, Preston, PR1 3LT

17:30 - 19:30

Lancashire Economic Breakfast
LBV Hub Seminars
18 Jul 2024

Lancashire Economic Breakfast

The Mill, St Catherine's Park, Preston, Lancashire

07:15 - 09:00

What are Menopause Action Plans & How to Write One
Menopause Action Plan 2024.png.png
LBV Hub Webinar
19 Jul 2024

What are Menopause Action Plans & How to Write One

~ Online ~, ~ Online ~, ~ Online ~

12:30 - 13:00

Business Networking in Fylde, Blackpool
Blackpool Fylde Image.jpg.jpg
LBV Hub Networking
19 Jul 2024

Business Networking in Fylde, Blackpool

Village Hotel Blackpool, Blackpool, FY3 8LL

07:30 - 09:30

Preston Freelancer MeetUp and Coworking Day
Screenshot 2024-06-13 at 13.55.10.png.png
LBV Hub Networking
30 Jul 2024

Preston Freelancer MeetUp and Coworking Day

Society1 Coworking Space, Preston, PR1 3LT

10:00 - 12:00

Scaling your revenue: From zero to £1m in 60 months
CBP-logo LBV.png.png
LBV Hub Webinar
31 Jul 2024

Scaling your revenue: From zero to £1m in 60 months

Online, Online, Online

08:00 - 09:30

Chamber Breakfast Networking
Chamber Logo1.png.png
LBV Hub Networking
31 Jul 2024

Chamber Breakfast Networking

Pye Motors, Morecambe, LA3 3PF

08:00 - 10:00

Online Women's Health Clinic
clinic.png.png
LBV Hub Webinar
06 Aug 2024

Online Women's Health Clinic

x, Online, x

12:00 - 12:00

International Coworking Day Open Day
1.png.png
LBV Hub Social
09 Aug 2024 - 09 Aug 2024

International Coworking Day Open Day

Society1 Coworking Space, Prestin, PR1 3 LT

10:00 - 13:00

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more LBV116 Online Graphic
Subscribe now

Weekly news bulletin